By Sheri Kasprzak
Atlanta, June 14 - Amaru Inc. has raised an additional $1.86 million from its private placement of stock, lifting the total amount raised so far to $7,404,000. The company is seeking to raise a total of $15 million.
From May 24 through June 8, the company sold 620,000 shares at $3.00 each to accredited investors. The company had previously reported it sold 1,848,000 shares at $3.00 each from February through May 24.
Based in Middland House, Singapore, Amaru is a broadband entertainment content provider.
| Issuer: | Amaru Inc.
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| Issue: | Stock
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| Amount: | $1.86 million
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| Shares: | 620,000
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| Price: | $3.00
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| Warrants: | No
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| Settlement date: | June 3
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| Stock price: | $3.50 at close June 8
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