Published on 11/29/2006 in the Prospect News PIPE Daily.
New Issue: China Security & Surveillance concludes $10 million stock sale
By Sheri Kasprzak
New York, Nov. 29 - China Security & Surveillance Technology, Inc. settled a $10,000,003 private placement of its stock.
The company sold 1,538,462 shares at $6.50 each to three funds associated with JLF Asset Management. The price per share could not be determined by press time Wednesday.
Proceeds will be used for working capital.
The Shenzhen, China, company develops and installs surveillance and security systems.
| Issuer: | China Security & Surveillance Technology, Inc.
|
| Issue: | Stock
|
| Amount: | $10,000,003
|
| Shares: | 1,538,462
|
| Price: | $6.50
|
| Warrants: | No
|
| Investor: | JLF Asset Management
|
| Settlement date: | Nov. 27
|
| Stock symbol: | OTCBB: CSCT
|
| Stock price: | $10.00 at close Nov. 27
|
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