Company sells 2 million common shares at $0.10 per share in offering
By Devika Patel
Knoxville, Tenn., April 8 – Drug Free Solution Inc. settled a $200,000 private placement of stock on March 26, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 2 million common shares at $0.10 apiece, which is a 33.33% discount to the March 25 closing share price of $0.15.
Proceeds will fund operations.
The East Hampton, N.Y., company’s pioneering product is its three-step process that combines self-analysis, breath and language.
| Issuer: | Drug Free Solution Inc.
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| Issue: | Common stock
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| Amount: | $200,000
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| Shares: | 2 million
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| Price: | $0.10
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| Warrants: | No
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| Settlement date: | March 26
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| Stock symbol: | OTCBB: DSOL
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| Stock price: | $0.15 at close March 25
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| Market capitalization: | $24.8 million
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