E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/21/2015 in the Prospect News PIPE Daily.

E-Qure takes in $230,000 through private placement of common stock

Deal sells 460,000 restricted shares to three investors at $0.50 each

By Devika Patel

Knoxville, Tenn., Jan. 21 – E-Qure Corp. concluded a $230,000 private placement of stock in December, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 460,000 restricted common shares at $0.50 apiece. The price per share is a 68.55% discount to $1.59, the Jan. 20 closing share price.

Itzchak Shrem bought 200,000 shares for $100,000, Lavi Krasney bought 60,000 shares for $30,000 and Amir Uziel bought 200,000 shares for $100,000.

The New York company designs and manufactures medical devices.

Issuer:E-Qure Corp.
Issue:Restricted common stock
Amount:$230,000
Shares:460,000
Price:$0.50
Warrants:No
Investors:Itzchak Shrem (for $100,000), Lavi Krasney (for $30,000) and Amir Uziel (for $100,000)
Announcement date:Jan. 21
Stock symbol:OTCBB: EQUR
Stock price:$1.59 at close Jan. 20
Market capitalization:$30.6 million

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.