Offering is comprised of 454,545 common shares, sold at $0.011 apiece
By Devika Patel
Knoxville, Tenn., May 13 - Advanced Voice Recognition Systems, Inc. completed a $5,000 private placement of stock on May 8, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 454,545 common shares at $0.011 per share. The price per share is a 45% premium to $0.02, the May 12 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: | $5,000
|
| Shares: | 454,545
|
| Price: | $0.011
|
| Warrants: | No
|
| Announcement date: | May 13
|
| Settlement date: | May 8
|
| Stock symbol: | OTCBB: AVOI
|
| Stock price: | $0.02 at close May 12
|
| Market capitalization: | $3.2 million
|
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