New Issue: Activeworld concludes $5.1 million private placement of common stock

By Devika Patel

Knoxville, Tenn., Dec. 28 - Activeworld Corp. completed a $5.1 million private placement of shares on Dec. 23, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 10,240,964 common shares at $0.498 apiece.

Activeworld, based in New York, is looking for a business opportunity.

Issuer:	Activeworld Corp.
Issue:	Common shares
Amount:	$5.1 million
Shares:	10,240,964
Price:	$0.498
Warrants:	No
Settlement date:	Dec. 23
Stock symbol:	OTCBB: AWLD
Stock price:	$0.95 at close Dec. 23
Market capitalization:	$3.12 million

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