Published on 7/9/2007 in the Prospect News PIPE Daily.
New Issue: Pixel plans £1,548,237 private placement of stock
By Susanna Moon
Chicago, July 9 - Pixel Interactive Media Ltd. said it plans to issue £1,548,237 in a private placement of stock to institutional investors.
The company plans to issue 4,074,308 shares at 38p per share.
Proceeds will be used to grow its market share in Asian online advertising.
Pixel Interactive is a holding company of the Pixel Media Group, an interactive media business, and is based on the island of Jersey in the English Channel.
| Issuer: | Pixel Interactive Media Ltd.
|
| Issue: | Stock
|
| Amount: | £1,548,237
|
| Shares: | 4,074,308
|
| Price: | 38p
|
| Warrants: | No
|
| Announcement date: | July 9
|
| Stock symbol: | AIM: PIXL
|
| Stock price: | 47.50p at close July 6
|
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