By Devika Patel
Knoxville, Tenn., Oct. 16 - ChineseWorldNet.com Inc. announced it has completed a non-brokered private placement of shares, raising C$2.43 million.
The company sold 2,250,000 common shares at C$1.08 per share.
Proceeds will be used for expanding the company's business in China and for general working capital.
Based in Vancouver, B.C., ChineseWorldNet.com is a provider of financial services.
| Issuer: | ChineseWorldNet.com Inc.
|
| Issue: | Common shares
|
| Amount: | C$2.43 million
|
| Shares: | 2,250,000
|
| Price: | C$1.08
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 16
|
| Stock symbol: | OTCBB: CWNOF
|
| Stock price: | C$1.25 at close Oct. 15
|
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