Published on 1/14/2013 in the Prospect News PIPE Daily.
EastBridge sells $3.28 million of its stock through private placement
Deal with Hui Zhang and MA Platform sells 1,424,129 ordinary shares
By Devika Patel
Knoxville, Tenn., Jan. 14 - EastBridge Investment Group Corp. settled a $3.28 million private placement of stock with Hui Zhang and MA Platform, Inc. on Dec. 17, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 1,424,129 ordinary shares at $2.30 apiece.
The Scottsdale, Ariz., company provides financial services to Asian companies.
| Issuer: | EastBridge Investment Group Corp.
|
| Issue: | Ordinary shares
|
| Amount: | $3,275,497
|
| Shares: | 1,424,129
|
| Price: | $2.30
|
| Warrants: | No
|
| Investors: | Hui Zhang and MA Platform, Inc.
|
| Settlement date: | Dec. 17
|
| Stock symbol: | OTCBB: EBIG
|
| Stock price: | $0.05 at close Dec. 14
|
| Market capitalization: | $9.4 million
|
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