Company sells 3 million common shares at $1.00 per share in offering
By Devika Patel
Knoxville, Tenn., July 2 – Grand Perfecta Inc. said it settled a $3 million private placement of stock.
The company sold 3 million common shares at $1.00 apiece. The per-share price represents a 244.83% premium to the July 1 closing share price of $0.29.
The deal included a five-year option to purchase an additional 3 million shares at the same price.
The Tokyo company is a provider of data analysis, research publication and distribution of horse racing and other related information.
| Issuer: | Grand Perfecta Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 3 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | July 2
|
| Stock symbol: | OTCBB: GPIW
|
| Stock price: | $0.29 at close July 1
|
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