Funds to be used for commercialization of company's Hotspot Webphone
By Susanna Moon
Chicago, Sept. 6 - pieNetworks Ltd. said it negotiated a private placement of shares for A$2.32 million.
The company sold 145 million shares at A$0.016 each.
Proceeds will be used for commercialization of the company's Hotspot Webphone.
pieNetworks provides internet services and is based in Osborne Park, Australia.
| Issuer: | pieNetworks Ltd.
|
| Issue: | Shares
|
| Amount: | A$2.32 million
|
| Shares: | 145 million
|
| Price: | A$0.016
|
| Warrants: | No
|
| Pricing date: | Sept. 5
|
| Stock symbol: | Australia: PIE
|
| Stock price: | A$0.02 at close Sept. 2
|
| Market cap: | A$18.40 million
|
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