New Issue: Onyx Software raises $7.85 million in private placement of shares

By Sheri Kasprzak

Atlanta, May 13 - Onyx Software Corp. has closed a private placement for $7,853,769.

The company sold 2,825,097 shares at $2.78 each to three directors of its board, Teresa Dial, William Elmore and Robert Tarkoff, and its chief financial officer, Robert Chamberlain.

The deal is set to close May 17.

Based in Bellevue, Wash., Onyx develops software to automate customer processes for corporate clients. The proceeds will be used for working capital and general corporate purposes.

Issuer:	Onyx Software Corp.
Issue:	Stock
Amount:	$7,853,769
Shares:	2,825,097
Price:	$2.78
Warrants:	No
Investors:	Teresa Dial, William Elmore, Robert Tarkoff and Robert Chamberlain
Announcement date:	May 13
Settlement date:	May 17
Stock price:	$2.78 at close May 12

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