American Enterprise Development plans PIPE

By Sheri Kasprzak

New York, June 1 - American Enterprise Development Corp. intends to complete a private placement of at least 6 million shares.

The pricing terms of the deal have not yet been determined.

The company has retained a placement agent for the offering, but the name of the agent was not immediately disclosed Thursday afternoon.

American Enterprise, based in Houston, is a venture capital company focused on upstart companies.

The stock remained unchanged at $2.25 (OTCBB: AEND).

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