Company to sell 37.5 million shares at $0.08 apiece, a 46.67% discount
By Devika Patel
Knoxville, Tenn., Nov. 29 - Uni Core Holdings Corp. arranged a private placement of stock on Nov. 18, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 37.5 million common shares at $0.08 per share for $3 million. The price per share is a 46.67% discount to the Nov. 17 closing share price of $0.15.
The Shenzhen, Hong Kong, company offers products and services to businesses and consumers located in the People's Republic of China.
| Issuer: | Uni Core Holdings Corp.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 37.5 million
|
| Price: | $0.08
|
| Warrants: | No
|
| Pricing date: | Nov. 18
|
| Stock symbol: | OTCBB: UCHC
|
| Stock price: | $0.25 at close Nov. 18
|
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