British company sells 76,190 of its common shares at $0.2625 per share
By Devika Patel
Knoxville, Tenn., March 14 - 3D Pioneer Systems Inc. amended the terms of a $20,000 private placement of stock that settled on Jan. 30, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced on Jan. 15 and was revised on March 14.
The company sold 76,190 common shares at $0.2625 apiece. The price per share is a 25% discount to the Jan. 31 closing share price of $0.35.
The company originally planned to sell 57,143 common shares at $0.35 apiece.
The London company develops and markets mobile smartphone and tablet applications.
| Issuer: | 3D Pioneer Systems Inc.
|
| Issue: | Common shares
|
| Amount: | $20,000
|
| Shares: | 76,190
|
| Price: | $0.2625
|
| Warrants: | No
|
| Announcement date: | Feb. 3
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 30
|
| Amended: | March 14
|
| Stock symbol: | OTCBB: DPSM
|
| Stock price: | $0.35 at close Jan. 31
|
| Market capitalization: | $33.45 million
|
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