Company sells 3,007,519 common shares at $0.665 apiece through deal
By Devika Patel
Knoxville, Tenn., July 7 – Key Link Assets Corp. settled a $2 million private placement of stock with Berwin Trading Ltd. on June 30, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 3,007,519 common shares at $0.665 apiece. The price per share reflects a 56.54% discount to the June 29 closing share price of $1.53.
The Denver company’s business plan is to acquire small and medium grocery stores in non-urban locales that are not directly served by large national supermarket chains.
| Issuer: | Key Link Assets Corp.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 3,007,519
|
| Price: | $0.665
|
| Warrants: | No
|
| Investor: | Berwin Trading Ltd.
|
| Settlement date: | June 30
|
| Stock symbol: | OTCBB: KYLK
|
| Stock price: | $1.53 at close June 29
|
| Market capitalization: | $23.23 million
|
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