Company places 1 million of its shares at $0.02 per share in offering
By Devika Patel
Knoxville, Tenn., Oct. 17 - Oncologix Tech Inc. completed a $20,000 private placement of stock on Oct. 16, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 1 million common shares at $0.02 per share, which is a 33.33% discount to the Oct. 15 closing share price of $0.03.
The Grand Rapids, Mich., company has developed a brachytherapy device for the treatment of soft tissue cancer tumors in the liver.
| Issuer: | Oncologix Tech Inc.
|
| Issue: | Common stock
|
| Amount: | $20,000
|
| Shares: | 1 million
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| Price: | $0.02
|
| Warrants: | No
|
| Settlement date: | Oct. 16
|
| Stock symbol: | OTCBB: OCLG
|
| Stock price: | $0.03 at close Oct. 15
|
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