New Issue: Lehman Trikes plans C$1.1 million private placement of stock

By Sheri Kasprzak

New York, March 20 - Lehman Trikes, Inc. has negotiated a C$1.1 million private placement.

The offering includes up to 8,380,952 shares at C$0.13125 each.

Proceeds from the non-brokered deal will be used for working capital.

Based in Westlock, Alta., the company develops turnkey trikes, conversion kits and accessories.

Issuer:	Lehman Trikes, Inc.
Issue:	Stock
Amount:	C$1.1 million
Shares:	8,380,952
Price:	C$0.13125
Warrants:	No
Placement agent:	Non-brokered
Pricing date:	March 20
Stock symbol:	TSX Venture: LHT
Stock price:	C$0.175 at close March 20

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