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.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 1 billion
|
| Price: | $0.001
|
| Warrants: | No
|
| Investor: | Great Mission Inc.
|
| Settlement date: | July 24
|
| Stock symbol: | OTCBB: IMPC
|
| Stock price: | $0.30 at close July 23
|
| Market capitalization: | $12.27 million
|
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