Company sells common stock at 9.68% discount to closing share price
By Devika Patel
Knoxville, Tenn., Feb. 25 - Conforce International, Inc. gave further details concerning a private placement of stock in an 8-K filed Friday with the Securities and Exchange Commission. The $6.23 million deal priced Dec. 9 and settled Feb. 22.
The company sold 22,245,950 common shares at $0.28 apiece. The per-share price reflects a 9.68% discount to the $0.31 closing share price on Dec. 8.
The offering was led by NDB Group Syndications Inc.
Conforce is a Concord, Ont., company that repairs, sells and stores shipping containers.
| Issuer: | Conforce International, Inc.
|
| Issue: | Common stock
|
| Amount: | $6,228,866
|
| Shares: | 22,245,950
|
| Price: | $0.28
|
| Warrants: | No
|
| Investor: | NDB Group Syndications Inc. (lead)
|
| Pricing date: | Dec. 9
|
| Settlement date: | Feb. 22
|
| Stock symbol: | OTCBB: CFRI
|
| Stock price: | $0.31 at close Dec. 8
|
| Market capitalization: | $60 million
|
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