By Laura Lutz
Washington, Nov. 27 - Overlord Financial Inc. plans to raise C$1.188 million from a placement of shares.
The company intends to sell 6.6 million shares at C$0.18 each.
Directors, officers and employees of the corporation will subscribe for 1.4 million shares.
The deal will be non-brokered.
Proceeds will be used for working capital and to advance the company's business plans.
Overlord is a Calgary, Alta.-based investment manager.
| Issuer: | Overlord Financial Inc.
|
| Issue: | Shares
|
| Amount: | C$1.188 million
|
| Shares: | 6.6 million
|
| Price: | C$0.18
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 24
|
| Stock symbol: | TSX Venture: OFI
|
| Stock price: | C$0.20 at close Nov. 24
|
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