Published on 8/10/2007 in the Prospect News PIPE Daily.
New Issue: American Metal & Technology concludes $3.28 million PIPE
By Sheri Kasprzak
New York, Aug. 10 - American Metal & Technology, Inc. completed a private placement for $3,276,507.
The company sold 163,825,350 shares at $0.02 each.
Proceeds will be used for enhanced marketing efforts to support the attraction of foreign customers and the expansion of its production capacity.
Los Angeles-based American Metal is a holding company for subsidiaries that manufacture high-precision casting and machined products in the People's Republic of China.
| Issuer: | American Metal & Technology, Inc.
|
| Issue: | Stock
|
| Amount: | $3,276,507
|
| Shares: | 163,825,350
|
| Price: | $0.02
|
| Warrants: | No
|
| Settlement date: | Aug. 3
|
| Stock symbol: | OTCBB: AMMY
|
| Stock price: | $0.04 at close Aug. 3
|
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