Company offers 23,809,524 common shares at $0.0021 per share in deal
By Devika Patel
Knoxville, Tenn., Oct. 8 – Viaspace Inc. raised $50,000 in a private placement of stock with Mark Monahan on Oct. 6, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 23,809,524 common shares. The purchase price, of $0.0021 per share, is 50% of the average closing price of the stock for the 20 trading days preceding settlement, the company said in the 8-K.
Based in Walnut, Calif., Viaspace is a renewable and alternative energy company.
| Issuer: | Viaspace Inc.
|
| Issue: | Common stock
|
| Amount: | $50,000
|
| Shares: | 23,809,524
|
| Price: | $0.0021
|
| Warrants: | No
|
| Investors: | Mark Monahan
|
| Settlement date: | Oct. 6
|
| Stock symbol: | OTCBB: VSPC
|
| Market capitalization: | $6.43 million
|
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