New Issue: Avcorp Industries arranges C$2.42 million private placement of equity

By Devika Patel

Knoxville, Tenn., July 15 - Avcorp Industries Inc. plans a C$2.42 million private placement of stock.

The company will sell 16,157,465 common shares at C$0.15 per share to Panta Holdings BV.

Based in Vancouver, B.C., Avcorp builds major airframe structures used by aircraft companies.

Issuer:	Avcorp Industries Inc.
Issue:	Common shares
Amount:	C$2,423,619.75
Shares:	16,157,465
Price:	C$0.15
Warrants:	No
Investor:	Panta Holdings BV
Pricing date:	July 15
Stock symbol:	Toronto: AVP
Stock price:	C$0.13 at close July 14
Market capitalization:	C$5.01 million

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