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Published on 2/21/2012 in the Prospect News PIPE Daily.

Norman Cay to conduct $10 million private placement of debt or equity

Agent Source Capital Group will assist with company's private offering

By Devika Patel

Knoxville, Tenn., Feb. 21 - Norman Cay Development, Inc. agreed to conduct a $10 million private placement of debt or equity with agent Source Capital Group, Inc. on Feb. 14, according to an 8-K filed Friday with the Securities and Exchange Commission.

Norman Cay is a Stevensville, Mich.-based private reseller of wireless telephones and service plans.


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