Non-brokered offering sells 30 million common shares at $0.10 apiece
By Devika Patel
Knoxville, Tenn., Oct. 8 - Omega Commercial Finance Corp. said it raised $3 million in a direct placement of stock on Sept. 13.
The company sold 30 million common shares at $0.10 per share.
Proceeds will be used to shape the company's growth strategy and for acquisitions.
The commercial real estate lending and advisory firm is based in Miami Beach, Fla.
| Issuer: | Omega Commercial Finance Corp.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 30 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Settlement date: | Sept. 13
|
| Stock symbol: | OTCCB: OCFN
|
| Market capitalization: | $1.52 million
|
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