By Sheri Kasprzak
Atlanta, Feb. 9 - Oxbow Equities Corp. said it has closed a non-brokered private placement of stock for C$2.35 million.
The company sold 4.7 million shares at C$0.50 each.
After the private placement, the company has 76,660,675 issued and outstanding common shares and 81,906,717 on a diluted basis.
Based in Montreal, Oxbow is a venture capital and merchant banking company. The proceeds from the private placement will be used to capitalize investee companies. The remainder will be used for general corporate purposes.
| Issuer: | Oxbow Equities Corp.
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| Issue: | Stock
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| Amount: | C$2.35 million
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| Shares: | 4.7 million
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| Price: | C$0.50
|
| Warrants: | No
|
| Settlement date: | Feb. 9
|
| Stock price: | C$0.50 at close Feb. 8
|
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