By Laura Lutz
Des Moines, Sept. 21 - KMA Global Solutions International, Inc. settled a $2 million private placement of stock.
The company sold 8,000,000 shares at $0.25 each.
KMA will receive the proceeds in four parts. The company will receive $200,000 upon the filing of a registration statement. The remaining payments, of $600,000 each, will be made 60, 90 and 120 days after the effective date of the registration statement.
Incendia Management Group, Inc. acted as agent.
Based in Mississauga, Ont., KMA provides tracking technologies for retailers, which are used primary to prevent shoplifting.
| Issuer: | KMA Global Solutions International, Inc.
|
| Issue: | Stock
|
| Amount: | $2 million
|
| Shares: | 8,000,000
|
| Price: | $0.25
|
| Warrants: | No
|
| Agent: | Incendia Management Group, Inc.
|
| Pricing date: | Sept. 21
|
| Stock symbol: | OTCBB: KMAG
|
| Stock price: | $0.43 at close Sept. 21
|
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