By Sheri Kasprzak
New York, March 9 - Amaru, Inc. said it has settled a $13,354,770 private placement.
The company issued 4,451,590 shares at $3.00 apiece to accredited investors.
Amaru may continue selling shares in the offering up to $27 million in proceeds.
Proceeds will be used for content purchase, integrated resort development and working capital.
Based in Los Angeles, Amaru develops entertainment-on-demand and education-on-demand streaming content over the internet.
| Issuer: | Amaru, Inc.
|
| Issue: | Stock
|
| Amount: | $13,354,770
|
| Shares: | 4,451,590
|
| Price: | $3.00
|
| Warrants: | No
|
| Settlement date: | March 6
|
| Stock symbol: | Pink Sheets: AMRU
|
| Stock price: | $5.00 at close March 6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
