Company sells 2 million of shares at $0.01 each
By Devika Patel
Knoxville, Tenn., Jan. 9 - Oncologix Tech Inc. completed a $20,000 private placement of stock on Jan. 8, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 2 million common shares at $0.01 per share, which is a 50% discount to the Jan. 7 closing share price of $0.02.
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: | 2 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | Jan. 8
|
| Stock symbol: | OTCBB: OCLG
|
| Stock price: | $0.02 at close Jan. 7
|
| Market capitalization: | $1.17 million
|
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