Company to sell 4,079,539 shares at 33.33% premium to market
By Tali Rackner
Norfolk, Va., Sept. 11 – Uluru Inc. arranged a $1,550,225 non-brokered private placement of stock on Friday, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 4,079,539 common shares at $0.38 per share. The price per share reflects a 33.33% premium to the Sept. 10 closing share price of $0.285.
Net proceeds are expected to be about $1.35 million.
Uluru, based in Addison, Texas, develops wound management, plastic surgery and oral care products.
Issuer: | Uluru Inc.
|
Issue: | Common stock
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Amount: | $1,550,225
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Shares: | 4,079,539
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Price: | $0.38
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Sept. 11
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Stock symbol: | OTCBB: ULUR
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Stock price: | $0.285 at close Sept. 10
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Market capitalization: | $3.1 million
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