Company sells 1,777,778 common shares at $0.45 per share in deal
By Devika Patel
Knoxville, Tenn., Nov. 19 - Konared Corp. completed an $800,000 non-brokered private placement of stock with Littlebird Capital Ltd. on Oct. 4, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1,777,778 common shares at $0.45 per share, which is a 28.57% discount to the Nov. 18 closing share price of $0.70.
The development-stage company is based in Koloa, Hawaii.
| Issuer: | Konared Corp.
|
| Issue: | Common stock
|
| Amount: | $800,000
|
| Shares: | 1,777,778
|
| Price: | $0.45
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Littlebird Capital Ltd.
|
| Announcement date: | Nov. 19
|
| Settlement date: | Oct. 4
|
| Stock symbol: | OTCBB: KRED
|
| Stock price: | $0.70 at close Nov. 18
|
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