Company sells 55,320 common shares at $0.50 apiece through offering
By Devika Patel
Knoxville, Tenn., July 13 – HCi Viocare completed a $27,660 private placement of stock on July 7, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 55,320 common shares at $0.50 per share. The price per share is a 52.83% discount to the July 7 closing share price of $1.06.
The Glasgow-based, development-stage company is primarily engaged in the research and development and marketing of medical technologies and the operation of prosthetics and orthotics and diabetic foot total rehabilitation clinics.
| Issuer: | HCi Viocare
|
| Issue: | Common stock
|
| Amount: | $27,660
|
| Shares: | 55,320
|
| Price: | $0.50
|
| Warrants: | No
|
| Settlement date: | July 7
|
| Stock symbol: | OTCBB: VICA
|
| Stock price: | $1.06 at close July 7
|
| Market capitalization: | $213.47 million
|
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