New Issue: Kidville concludes $1.05 million placement of convertible preferreds

By Devika Patel

Knoxville, Tenn., Feb. 20 - Kidville, Inc. completed a $1.05 million private placement of 13% series A cumulative convertible preferred stock on Feb. 19, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 2,618,750 preferreds. Investors also received warrants for 916,563 common shares, exercisable at $0.65.

Based in New York, Kidville operates large upscale facilities that cater to newborns through five-year-olds and their families.

Issuer:	Kidville, Inc.
Issue:	Series A cumulative convertible preferred stock
Amount:	$1,047,500
Shares:	2,618,750
Dividends:	13%
Warrants:	For 916,563 shares
Warrant strike price:	$0.65
Settlement date:	Feb. 19
Stock symbol:	OTCBB: KVIL
	Stock price:	$0.75 at close Feb. 19
Market capitalization:	$67.4 million

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