Published on 10/13/2009 in the Prospect News PIPE Daily.
New Issue: China Electric Motor sells $1.74 million shares in private placement
By Devika Patel
Knoxville, Tenn., Oct. 13 - China Electric Motor, Inc. settled a $1.74 million private placement of stock on Oct. 6, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1,289,703 common shares at $1.35 per share.
The Guangdong, China, private company sells specialized micro-motor products.
Issuer: | China Electric Motor, Inc.
|
Issue: | Common stock
|
Amount: | $1,741,099
|
Shares: | 1,289,703
|
Price: | $1.35
|
Warrants: | No
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Settlement date: | Oct. 6
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