Offering is comprised of 1 million common shares sold at $0.01 apiece
By Toni Weeks
San Luis Obispo, Calif., May 27 - Advanced Voice Recognition Systems, Inc. completed a $10,000 private placement of stock on May 20, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1 million common shares at $0.01 per share. The price per share is a 33.33% discount to the $0.015 closing share price on May 7, the last day the shares traded.
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: | 1 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | May 20
|
| Stock symbol: | OTCBB: AVOI
|
| Stock price: | $0.015 at close May 7
|
| Market capitalization: | $3.2 million
|
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