Offering sells 60,000 preferreds to Hi Score at $2.50 per preferred
By Devika Patel
Knoxville, Tenn., Nov. 15 - Olie Inc. said it plans a $150,000 private placement of convertible preferred stock. Hi Score Corp. is the investor.
The company will sell 60,000 preferreds at $2.50 apiece.
The preferreds are convertible at par value upon maturity.
The Miami company offers independent music production services.
Issuer: | Olie Inc.
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Issue: | Convertible preferred stock
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Amount: | $150,000
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Preferreds: | 60,000
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Price: | $2.50
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Warrants: | No
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Investor: | Hi Score Corp.
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Pricing date: | Nov. 15
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Stock symbol: | OTCBB: OLIE
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