By Sheri Kasprzak
New York, July 18 - CIBT School of Business & Technology Corp. said it plans to raise up to $1 million in a private placement of stock.
The company has received confirmations of interest in buying up to 1 million shares at $1.00 each.
The proposed investors include a pension fund and accredited investors.
The offering is expected to close at the end of July.
Based in Vancouver, B.C., CIBT is a subsidiary of Capital Alliance Group Inc. and is a business school with campuses in China.
| Issuer: | CIBT School of Business & Technology Corp.
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| Issue: | Stock
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| Amount: | $1 million
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| Shares: | 1 million
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| Price: | $1.00
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| Warrants: | No
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| Announcement date: | July 15
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| Stock price: | $0.545 at close July 15 (for Capital Alliance)
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