By Sheri Kasprzak
New York, Oct. 11 - Pareto Corp. said it has priced two private placement totaling C$1.3 million in proceeds.
Under the two offerings, Pareto plans to sell 1 million shares at C$1.30 each.
The company's newly instated executive vice president Michael Beckerman will buy 333,333 of the shares and six senior employees of the company will buy a total of 666,667 shares.
To facilitate the offerings, Pareto intends to provide full recourse loans.
Based in Toronto, Pareto provides marketing services to the financial services, automotive, retail, communications, pharmaceutical and technology sectors.
| Issuer: | Pareto Corp.
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| Issue: | Stock
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| Amount: | C$1.3 million
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| Shares: | 1 million
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| Price: | C$1.30
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| Warrants: | No
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| Pricing date: | Oct. 11
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| Stock price: | C$1.25 at close Oct. 11
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