Published on 3/11/2016 in the Prospect News PIPE Daily.
HCi Viocare secures $141,950 from private placement of common stock
Company offers 294,875 shares at $0.50 and $0.40 apiece through deal
By Devika Patel
Knoxville, Tenn., March 11 – HCi Viocare completed a $120,000 private placement of stock on March 8, according to an 8-K filed Friday with the Securities and Exchange Commission. It raised a further $21,950 on March 9.
The company sold 240,000 common shares at $0.50 per share in the March 8 tranche and 54,875 common shares at $0.40 per share on March 9. The prices per share reflect 39.02% and 51.22% discounts to the March 7 closing share price of $0.82.
The development-stage company is based in Glasgow.
Issuer: | HCi Viocare
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Issue: | Common stock
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Amount: | $141,950
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Shares: | 294,875
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Price: | $0.50 (for 240,000 shares), $0.40 (for 54,875 shares)
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Warrants: | No
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Settlement dates: | March 8 (for $120,000), March 9 (for $21,950)
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Stock symbol: | OTCBB: VICA
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Stock price: | $0.82 at close March 7
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Market capitalization: | $152.55 million
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