By Sheri Kasprzak
New York, May 2 - Azur Holdings, Inc. has concluded a $3 million private placement of stock with CapitalSwiss Ltd.
CapitalSwiss bought 5 million shares at $0.60 apiece, a 70% discount to the company's $2.00 closing stock price on April 4, the last closing stock price.
Azur, based in Fort Lauderdale, Fla., had previously been a bridal attire retailer, but currently has no significant operations.
| Issuer: | Azur Holdings, Inc.
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| Issue: | Stock
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| Amount: | $3 million
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| Shares: | 5 million
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| Price: | $0.60
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| Warrants: | No
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| Investor: | CapitalSwiss Ltd.
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| Settlement date: | April 26
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| Stock symbol: | OTCBB: AZHI
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| Stock price: | $2.00 at close April 4 (last trade)
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