Company had previously raised $610,000 in earlier tranche on July 12
By Devika Patel
Knoxville, Tenn., Nov. 8 - Agricon Global Corp. said it completed a $500,000 additional tranche of an oversubscribed private placement of stock. The $1.1 million deal raised $610,000 on July 12.
In the first tranche, the company sold 1.22 million shares at $0.50 each, a 4% discount to the $0.52 closing share price on July 12. Agricon sold 1 million shares in the second tranche.
Lehi, Utah-based Agricon cultivates and harvests agricultural products such as maize, sunflower, soya and canola in Ghana, West Africa.
| Issuer: | Agricon Global Corp.
|
| Issue: | Common stock
|
| Amount: | $1.1 million
|
| Shares: | 2.22 million
|
| Price: | $0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | July 12 (for $610,000), Nov. 8 (for $500,000)
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| Stock symbol: | OTCBB: AGRC
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| Stock price: | $0.52 at close July 12
|
| Market capitalization: | $13.72 million
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