New York, Aug. 26 - Yangtze Telecom Corp. said it is negotiating a non-brokered private placement for up to C$2.7 million.
The company will sell 15 million shares at C$0.18 each.
To date it has received commitments for C$1.8 million.
Proceeds will be used to increase the company's ownership of China United Telecom Technology Co. Ltd., which will use the investment to develop its business.
Yangtze Telecom is a Vancouver, B.C., developer of services using voice, internet and wireless data communication technologies. So far it has developed credit management, distance learning and voice information.
| Issuer: | Yangtze Telecom Corp.
|
| Issue: | Stock
|
| Amount: | C$2.7 million
|
| Shares: | 15 million
|
| Price: | C$0.18
|
| Warrants: | No
|
| Announcement date: | Aug. 26
|
| Stock price: | C$0.14 at close Aug. 26
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
