Investor Great Mission buys 1 billion common shares at $0.001 apiece
By Devika Patel
Knoxville, Tenn., July 28 – Imperial Plantation Corp. raised $1 million in a private placement of stock with Great Mission Inc. on July 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1 billion common shares at $0.001 per share, a 99.67% discount to the July 23 closing share price of $0.30.
The Tempe, Ariz.-based company wholesales lumber and other construction materials.
Issuer: | Imperial Plantation Corp.
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Issue: | Common stock
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Amount: | $1 million
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Shares: | 1 billion
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Price: | $0.001
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Warrants: | No
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Investor: | Great Mission Inc.
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Settlement date: | July 24
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Stock symbol: | OTCBB: IMPC
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Stock price: | $0.30 at close July 23
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Market capitalization: | $12.27 million
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