By Sheri Kasprzak
New York, Oct. 9 - Axial Vector Engine Corp. wrapped a private placement for $2.7 million.
The company issued 1.35 million shares in the offering at $2.00 each.
Located in Portland, Ore., Axial develops internal combustion engine technologies designed to make engines more fuel-efficient.
| Issuer: | Axial Vector Engine Corp.
|
| Issue: | Stock
|
| Amount: | $2.7 million
|
| Shares: | 1.35 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Settlement date: | Oct. 9
|
| Stock symbol: | OTCBB: AXVC
|
| Stock price: | $2.50 at close Oct. 9
|
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