Company sells 8,000 common shares at $0.69 apiece through offering
By Devika Patel
Knoxville, Tenn., July 27 – HCi Viocare completed a $5,520 private placement of stock on July 22, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 8,000 common shares at $0.69 per share. The price per share is a 31% discount to the July 14 closing share price of $1.00.
The Glasgow-based development-stage company is primarily engaged in the research, development and marketing of medical technologies and the operation of prosthetics and orthotics and diabetic foot total rehabilitation clinics.
| Issuer: | HCi Viocare
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| Issue: | Common stock
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| Amount: | $5,520
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| Shares: | 8,000
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| Price: | $0.69
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| Warrants: | No
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| Settlement date: | July 22
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| Stock symbol: | OTCBB: VICA
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| Stock price: | $1.00 at close July 14
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| Market capitalization: | $213.47 million
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