Deal consists of 200,000 common shares, which were sold at $0.05 each
By Devika Patel
Knoxville, Tenn., Nov. 26 - Advanced Voice Recognition Systems, Inc. completed a $10,000 private placement of stock on Nov. 21, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 200,000 common shares at $0.05 per share. The price per share is a 66.67% premium to $0.03, the Nov. 20 closing share price.
Based in Scottsdale, Ariz., the company develops speech recognition and transcription technologies.
| Issuer: | Advanced Voice Recognition Systems, Inc.
|
| Issue: | Common stock
|
| Amount: | $10,000
|
| Shares: | 200,000
|
| Price: | $0.05
|
| Warrants: | No
|
| Settlement date: | Nov. 21
|
| Stock symbol: | OTCBB: AVOI
|
| Stock price: | $0.03 at close Nov. 20
|
| Market capitalization: | $10.08 million
|
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