Company sells 250,000 shares at $0.0001 apiece to former CEO Chiang
By Devika Patel
Knoxville, Tenn., Oct. 20 – Napa Sonoma Group Inc. settled a $25 private placement of stock with its former president and chief executive officer, chief financial officer and chairman of the board of directors Richard Chiang on Oct. 20, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 250,000 common shares at $0.0001 per share.
The private blank-check company is based in Reno, Nev.
| Issuer: | Napa Sonoma Group Inc.
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| Issue: | Common stock
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| Amount: | $25
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| Shares: | 250,000
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| Price: | $0.0001
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| Warrants: | No
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| Investor: | Richard Chiang
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| Settlement date: | Oct. 17
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