Offering is comprised of 600,000 common shares, sold at $0.011 each
By Devika Patel
Knoxville, Tenn., Feb. 20 - Advanced Voice Recognition Systems, Inc. completed a $6,600 private placement of stock on Feb. 17, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 600,000 common shares at $0.011 per share. The price per share is a 45% discount to $0.02, the Feb. 14 closing share price.
Based in Scottsdale, Ariz., the company develops speech recognition and transcription technologies.
Issuer: | Advanced Voice Recognition Systems, Inc.
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Issue: | Common stock
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Amount: | $6,600
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Shares: | 600,000
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Price: | $0.011
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Warrants: | No
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Settlement date: | Feb. 17
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Stock symbol: | OTCBB: AVOI
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Stock price: | $0.02 at close Feb. 14
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Market capitalization: | $4.62 million
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