Published on 12/13/2005 in the Prospect News PIPE Daily.
New Issue: Y-Tel International in deal for $1.24 million sale of stock
By Sheri Kasprzak
New York, Dec. 13 - Y-Tel International, Inc. said it has received an agreement from Mercatus & Partners, LP for a $1,239,300 private placement.
Mercatus agreed to buy 2.7 million shares at $0.459 each.
Based in Miami Beach, Fla., Y-Tel provides telecommunication, voice-over-internet protocol and Wi-Fi services.
| Issuer: | Y-Tel International, Inc.
|
| Issue: | Stock
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| Amount: | $1,239,300
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| Shares: | 2.7 million
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| Price: | $0.459
|
| Warrants: | No
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| Investor: | Mercatus & Partners, LP
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| Agreement date: | Dec. 6
|
| Announcement date: | Dec. 13
|
| Stock price: | $0.55 at close Dec. 6
|
| Stock price: | $0.45 at close Dec. 12
|
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