Company sells 2.5 million common shares at $0.002 per share in deal
By Devika Patel
Knoxville, Tenn., Sept. 12 – Malaysia Pro-Guardians Security Management Corp. raised $5,000 in a private placement of stock on Sept. 8, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 2.5 million common shares at $0.002 apiece, a 98.89% discount to the Sept. 11 closing share price of $0.18.
Proceeds will be used for general corporate purposes, including working capital.
The oil and natural gas company is based in Flushing, N.Y.
| Issuer: | Malaysia Pro-Guardians Security Management Corp.
|
| Issue: | Common stock
|
| Amount: | $5,000
|
| Shares: | 2.5 million
|
| Price: | $0.002
|
| Warrants: | No
|
| Announcement date: | Sept. 12
|
| Settlement date: | Sept. 8
|
| Stock symbol: | OTCBB: MPGS
|
| Stock price: | $0.18 at close Sept. 11
|
| Market capitalization: | $2.62 million
|
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