Deal sells 5 million common shares at $0.32 per share to Kent Campbell
By Devika Patel
Knoxville, Tenn., Sept. 27 - LILM, Inc. settled a $1.6 million private placement of stock with Kent Campbell on Sept. 26, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 5 million restricted common shares at $0.32 per share. The price per share is a 57.33% discount to the Sept. 25 closing share price of $0.75.
The Salt Lake City company makes and markets the LiL Marc, a plastic boys toilet-training device constructed of white polyethylene plastic having the appearance of white porcelain.
| Issuer: | LILM, Inc.
|
| Issue: | Restricted common shares
|
| Amount: | $1.6 million
|
| Shares: | 5 million
|
| Price: | $0.32
|
| Warrants: | No
|
| Investor: | Kent Campbell
|
| Settlement date: | Sept. 26
|
| Stock symbol: | OTCBB: LILM
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| Stock price: | $0.75 at close Sept. 25
|
| Market capitalization: | $1.97 million
|
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