Company sells 9 million common shares at about $0.33 per share in deal
By Devika Patel
Knoxville, Tenn., May 16 - Golden Dragon Holding Co. completed a $296,000 private placement of stock with CannaPharmaRX, Inc. on May 9, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 438,982 common shares at about $0.33 per share. The price per share is a 56% discount to the $0.75 closing share price on May 8.
The shell company is based in Arvada, Colo.
| Issuer: | GelTech Solutions, Inc.
|
| Issue: | Common stock
|
| Amount: | $296,000
|
| Shares: | 9 million
|
| Price: | $0.33 (approximate)
|
| Warrants: | No
|
| Investor: | CannaPharmaRX, Inc.
|
| Settlement date: | May 9
|
| Stock symbol: | OTCBB: GDHC
|
| Stock price: | $0.75 at close May 8
|
| Market capitalization: | $2.38 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
