Published on 3/6/2006 in the Prospect News PIPE Daily.
New Issue: Cash Systems concludes $4.47 million placement for acquisition
By Sheri Kasprzak
New York, March 6 - Cash Systems, Inc. said it closed a $4,470,160 private placement.
Cash sold 710,000 shares at $6.296 each to the Viejas Band of Kumeyaay Indians as part of Cash's acquisition of the ATMs from Indian Gaming Services, which is a division of Borrego Springs Bank, NA, held by Viejas.
Under the terms of the acquisition, Cash paid $12 million for the ATMs.
Based in Burnsville, Minn., Cash Systems provides automated teller machines.
| Issuer: | Cash Systems, Inc.
|
| Issue: | Stock
|
| Amount: | $4,470,160
|
| Shares: | 710,000
|
| Price: | $6.296
|
| Warrants: | No
|
| Investor: | Viejas Band of Kumeyaay Indians
|
| Settlement date: | Feb. 28
|
| Stock symbol: | Nasdaq: CKNN
|
| Stock price: | $7.21 at close Feb. 28
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
