New Issue: EMPS closes $22.9 million private placement of stock

By Sheri Kasprzak

Atlanta, March 21 - EMPS Corp. said it has raised $22,975,338 in a private placement of stock.

The company sold a total of 7,658,446 shares at $3.00 each to both domestic and foreign investors.

Aton Securities Inc. was the placement agent in the deal.

EMPS, based in Salt Lake City, develops, licenses and markets technology for use in commercially separating nonmagnetic particulate material.

Issuer:	EMPS Corp.
Issue:	Stock
Amount:	$22,975,338
Shares:	7,658,446
Price:	$3.00
Warrants:	No
Placement agent:	Aton Securities Inc.
Settlement date:	March 21
Stock price:	$3.50 at close March 21

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