Offering includes 781,250 common shares; shares priced at $0.64 apiece
By Devika Patel
Knoxville, Tenn., Sept. 20 - American Graphite Technologies Inc. completed a $500,000 first tranche of a $2.5 million private placement of stock on Sept. 5, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 781,250 common shares in the initial tranche. The per-share price, of $0.64, represents a 20% discount to $0.80, the closing share price on Sept. 19.
Settlement of the final tranche is expected Aug. 29, 2013.
Las Vegas-based American Graphite is a development-stage company.
| Issuer: | American Graphite Technologies Inc.
|
| Issue: | Common stock
|
| Amount: | $2.5 million
|
| Price: | $0.64
|
| Warrants: | No
|
| Settlement date: | Sept. 5 (for $500,000), Aug. 29, 2013
|
| Stock symbol: | OTCBB: AGIN
|
| Stock price: | $0.80 at close Sept. 19
|
| Market capitalization: | $1.23 billion
|
© 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.
