By Laura Lutz
Des Moines, Nov. 9 - Titan Global Holdings, Inc. completed a $5 million private placement of stock with investor YA Global Investments, LP.
Titan sold 2.5 million shares at $2.00 each. The placement was non-brokered.
Proceeds will be used for working capital, future acquisitions and investments.
Richardson, Texas-based Titan is a holding company with subsidiaries in telecommunications, electronics and homeland security, consumer products and energy.
| Issuer: | Titan Global Holdings, Inc.
|
| Issue: | Stock
|
| Amount: | $5 million
|
| Shares: | 2.5 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | YA Global Investments, LP
|
| Settlement date: | Nov. 9
|
| Stock symbol: | OTCBB: TTGL
|
| Stock price: | $1.82 at close Nov. 8
|
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