By Sheri Kasprzak
New York, Feb. 6 - KMA Global Solutions International, Inc. wrapped a $1 million private placement of stock.
The company sold 10 million shares in the deal at $0.10 each and issued warrants for 10 million shares.
The warrants are exercisable at $0.20 each.
Incendia Management Group, Inc. was the placement agent.
So far the company has received half of the offering and will receive the remainder 30 days after the registration statement is declared effective.
Located in Mississauga, Ont., KMA manufactures electronic article surveillance labels for multimedia, retail apparel and other consumer goods.
| Issuer: | KMA Global Solutions International, Inc.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 10 million
|
| Price: | $0.10
|
| Warrants: | For 10 million shares
|
| Warrant strike price: | $0.20
|
| Placement agent: | Incendia Management Group, Inc.
|
| Settlement date: | Jan. 31
|
| Stock symbol: | OTCBB: KMAG
|
| Stock price: | $0.54 at close Jan. 31
|
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