Company will offer Da He up to 20 million shares at a 90.91% discount
By Devika Patel
Knoxville, Tenn., March 29 - Cybermesh International Corp. negotiated a $1 million one-year equity line financing agreement with Da He LLC on March 28, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
Da He has committed to purchase up to 20 million common shares at $0.05 per share, which is a 90.91% discount to the March 27 closing share price of $0.55.
Based in Reno, Nev., Cybermesh develops technologies in video streaming, telecommunications, media distribution and the analysis sector.
| Issuer: | Cybermesh International Corp.
|
| Issue: | Equity line financing agreement
|
| Amount: | $1 million
|
| Tenor: | One year
|
| Shares: | 20 million
|
| Price: | $0.05
|
| Warrants: | No
|
| Investor: | Da He LLC
|
| Settlement date: | March 28
|
| Stock symbol: | OTCBB: CYTL
|
| Stock price: | $0.55 at close March 28
|
| Market capitalization: | $6.59 million
|
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