Company sells 9.45 million common shares at $1.00 per share
By Marisa Wong
Madison, Wis., March 8 - Mill City Ventures III, Ltd. issued 9.45 million shares of common stock in a private placement on March 7, according to an 8-K filing with the Securities and Exchange Commission.
Mill City sold the shares at $1.00 apiece, raising $9.45 million. The price per share reflects a 39.39% discount to the March 6 closing share price.
The Wayzata, Minn.-based company markets and licenses a poker-based table game to casinos and online gaming facilities.
| Issuer: | Mill City Ventures III, Ltd.
|
| Issue: | Common shares
|
| Amount: | $9.45 million
|
| Shares: | 9.45 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | March 7
|
| Stock symbol: | OTCBB: MCVT
|
| Stock price: | $1.65 at close March 6
|
| Market capitalization: | $1.93 million
|
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