Published on 11/26/2007 in the Prospect News PIPE Daily.
New Issue: Yangtze Telecom wraps C$1 million private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 26 - Yangtze Telecom Corp. said it has settled a C$1 million non-brokered private placement of shares on Nov. 23. The deal priced on Nov. 7.
The company sold 5.89 million shares at C$0.17 apiece.
Vancouver, B.C.-based Yangtze develops business and consumer applications using internet and wireless data communications technologies.
| Issuer: | Yangtze Telecom Corp.
|
| Issue: | Shares
|
| Amount: | C$1,001,300
|
| Shares: | 5.89 million
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 23
|
| Stock symbol: | TSX Venture: SMS
|
| Stock price: | C$0.30 at close Nov. 7
|
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