Renard, JW Group buy 1.25 million shares to fund Peruvian operations
By Devika Patel
Knoxville, Tenn., Sept. 4 - Graystone Co. Inc. settled a $10,000 private placement of stock with Wigam LLC on Sept. 4, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1.25 million common shares at $0.008 per share, a 20% discount to the Aug. 31 closing share price of $0.01. Renard Properties, LLC invested $5,000 and JW Group, Inc. invested $5,000.
Proceeds will be used for the company's Peruvian operations.
Graystone is a Las Vegas-based gold, silver and precious metals mining company.
| Issuer: | Graystone Co. Inc.
|
| Issue: | Common shares
|
| Amount: | $10,000
|
| Shares: | 1.25 million
|
| Price: | $0.008
|
| Warrants: | No
|
| Investor: | Renard Properties, LLC (for $5,000), JW Group, Inc. (for $5,000)
|
| Settlement date: | Sept. 4
|
| Stock symbol: | OTCBB: GYST
|
| Stock price: | $0.01 at close Aug. 31
|
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