Offering is comprised of 850,000 common shares, sold at $0.01 apiece
By Devika Patel
Knoxville, Tenn., March 22 – Advanced Voice Recognition Systems, Inc. completed an $8,500 private placement of stock on March 22, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 850,000 common shares at $0.01 per share. The price per share is identical to the March 16 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: | $8,500
|
| Shares: | 850,000
|
| Price: | $0.01
|
| Warrants: | No
|
| Announcement date: | March 22
|
| Settlement date: | March 17
|
| Stock symbol: | OTCBB: AVOI
|
| Stock price: | $0.01 at close March 16
|
| Market capitalization: | $2.19 million
|
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