By Devika Patel
Knoxville, Tenn., July 24 - Lehman Trikes, Inc. said it will conduct a C$4.05 million private placement of stock.
The company will sell 9 million common shares at C$0.45 per share.
Proceeds will be used to expand the company's facilities and for working capital.
Based in Westlock, Alta., the company develops turnkey trikes, conversion kits and accessories.
| Issuer: | Lehman Trikes, Inc.
|
| Issue: | Common stock
|
| Amount: | C$4.05 million
|
| Shares: | 9 million
|
| Price: | C$0.45
|
| Warrants: | No
|
| Pricing date: | July 24
|
| Stock symbol: | TSX Venture: LHT
|
| Stock price: | C$0.54 at close July 23
|
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