Published on 1/14/2005 in the Prospect News PIPE Daily.
New Issue: HIMC closes private placement for $1.45 million
By Sheri Kasprzak
Atlanta, Jan. 14 - HIMC Corp. has finished a private placement for $1,447,727.
The company sold 2,954,544 shares at $0.49 each. Net proceeds were $1,355,250.
Based in Tacoma, Wash., HIMC is a technology company that offers payment, verification and authentication systems to internet service providers. The proceeds from the offering will be used to develop the company's sales and marketing department, expand its management team, and facilitate the execution of existing and new contracts.
Issuer: | HIMC Corp.
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Issue: | Stock
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Amount: | $1,447,727
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Shares: | 2,954,544
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Price: | $0.49
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Warrants: | No
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Settlement date: | Jan. 14
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Stock price: | $1.67 at close Jan. 14
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