By Sheri Kasprzak
New York, June 29 - Primus Telecommunications Group, Inc. concluded a $20,587,500 direct placement of stock.
The company sold 22.5 million shares at $0.915 each to a group of institutional investors.
The shares were sold under the company's shelf registration.
CRT Capital Group LLC was the placement agent.
Based in McLean, Va., Primus is a telecommunications company focused on voice-over-internet protocol and wireless data services.
| Issuer: | Primus Telecommunications Group, Inc.
|
| Issue: | Stock
|
| Amount: | $20,587,500
|
| Shares: | 22.5 million
|
| Price: | $0.915
|
| Warrants: | No
|
| Placement agent: | CRT Capital Group LLC
|
| Settlement date: | June 28
|
| Stock symbol: | OTCBB: PRTL
|
| Stock price: | $0.94 at close June 28
|
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