By Devika Patel
Knoxville, Tenn., Nov. 20 - Oasis Online Technologies Corp. arranged a $1.2 million private placement of stock on Nov. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission. It also raised approximately $252,000 in the initial tranche.
The common shares were sold at an average price of $0.143.
Proceeds will be used for general working capital purposes.
Oasis is based in Mesa, Ariz.
| Issuer: | Oasis Online Technologies Corp.
|
| Issue: | Common shares
|
| Amount: | $1.2 million
|
| Price: | $0.143 (average)
|
| Warrants: | No
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 14 (for about $252,000)
|
| Stock symbol: | OTCBB: OOLN
|
| Stock price: | $0.12 at close Nov. 14
|
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