By Devika Patel
Knoxville, Tenn., June 3 - API Nanotronics Corp. raised $5.6 million in a private placement of stock between April 30 and May 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 111.9 million common shares at $0.05 apiece to international investors.
There was no underwriter. The company raised $1.91 million from a similar sale in April.
Based in Toronto, API manufactures electronic components and systems for the defense and communications industries.
| Issuer: | API Nanotronics Corp.
|
| Issue: | Common stock
|
| Amount: | $5,595,000
|
| Shares: | 111.9 million
|
| Price: | $0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | May 30
|
| Stock symbol: | OTCBB: APIO
|
| Stock price: | $0.10 at close May 30
|
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