Company sells 279,099,100 shares at roughly $0.002 per share
By Devika Patel
Knoxville, Tenn., March 19 – MedeFile International, Inc. settled a $620,000 private placement of stock between Jan. 29 and Feb. 13, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 279,099,100 common shares at about $0.002 per share. The price per share is an 80% discount to the Jan. 28 closing share price of $0.01.
Cedar Knolls, N.J.-based Medefile has created a system for gathering and digitizing medical records so that individuals can have a record of all of their medical visits.
| Issuer: | MedeFile International, Inc.
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| Issue: | Common stock
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| Amount: | $620,000
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| Shares: | 279,099,100
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| Price: | $0.002 (approximate)
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| Warrants: | No
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| Settlement date: | Jan. 29 to Feb. 13
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| Stock symbol: | OTCBB: MDFI
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| Stock price: | $0.01 at close on Jan. 28
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| Market capitalization: | $1.13 million
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