By Sheri Kasprzak
Atlanta, June 30 - NSP Pharma Corp. said it has closed three private placements for C$8.03 million.
The company sold a total of 3,030,190 shares at C$2.65 each.
Octagon Capital Corp. was the lead placement agent. First Canadian Capital Markets Ltd. was also a placement agent in the offering.
The company's chief executive officer, Sergio Martines, and its chairman, Vincenzo Guerrieri, purchased a total of 200,000 shares for proceeds of C$530,000.
Toronto-based NSP develops anti-aging skincare products. The proceeds will be used for new advertising campaigns, the development of new product lines, working capital and general corporate purposes.
| Issuer: | NSP Pharma Corp.
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| Issue: | Stock
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| Amount: | C$8.03 million
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| Shares: | 3,030,190
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| Price: | C$2.65
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| Warrants: | No
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| Placement agents: | Octagon Capital Corp. (lead); First Canadian Capital Markets Ltd.
|
| Settlement date: | June 30 |
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| Stock price: | C$3.85 at close June 30
|
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