By Sheri Kasprzak
New York, Sept. 16 - Lehman Trikes, Inc. said it has arranged a non-brokered private placement for up to C$2 million.
The offering includes up to 8 million shares at C$0.25 each.
The company said its directors and officers may buy 2 million of the shares.
Proceeds will be used for debt repayment and working capital.
Based in Westlock, Alta., Lehman Trikes manufactures turnkey trikes, conversion kits and accessories.
| Issuer: | Lehman Trikes, Inc.
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| Issue: | Stock
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| Amount: | C$2 million (maximum)
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| Shares: | 8 million (maximum)
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| Price: | C$0.25
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| Warrants: | No
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| Pricing date: | Sept. 16
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| Stock price: | C$0.20 at close Sept. 15
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