Shares sold at $0.007; company plans $1 million registered direct sale
By Devika Patel
Knoxville, Tenn., May 8 - World Surveillance Group Inc. completed a $150,000 private placement of stock on May 5, according to an 8-K filed Tuesday with the Securities and Exchange Commission. It also reported that it plans a $1 million registered direct offering of stock, but offered no additional details on the registered sale.
The company sold common shares at $0.007 per share, a 30% discount to the closing share price, $0.01, on May 2.
Based in Kennedy Space Center, Fla., World Surveillance Group owns a mobile voice and data communications services company and a company that develops and sells aerial and ground based surveillance products.
| Issuer: | World Surveillance Group Inc.
|
| Issue: | Common stock
|
| Amount: | $150,000
|
| Price: | $0.007
|
| Warrants: | No
|
| Settlement date: | May 5
|
| Stock symbol: | OTCBB: WSGI
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| Stock price: | $0.01 at close May 2
|
| Market capitalization: | $6.28 million
|
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