By Sheri Kasprzak
Atlanta, March 30 - Overlord Financial Inc. said it has completed a private placement of units for C$2 million.
The company sold 5 million units at C$0.40 each.
The units include one share and one fifth-share warrant. The full warrants allow for an additional share at C$0.60 each through March 28, 2006.
Based in Calgary, Alta., Overlord is a fund manager. The company plans to use the proceeds for working capital and to advance its business plans in both Canadian and foreign investment markets.
| Issuer: | Overlord Financial Inc.
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| Issue: | Units of one share and one fifth-share warrant
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| Amount: | C$2 million
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| Units: | 5 million
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| Price: | C$0.40
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| Warrants: | One fifth-share warrant per unit
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| Warrant expiration: | March 28, 2006
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| Warrant strike price: | C$0.60
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| Settlement date: | March 29
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| Stock price: | C$0.40 at close March 29
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