Company sells class A common stock at $0.0148 per share to Dundee
By Devika Patel
Knoxville, Tenn., Oct. 30 - Urban Barns Foods Inc. settled a $1 million private placement of stock with Dundee Agricultural Corp. on Oct. 29, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced on Oct. 21.
The company sold 67,567,568 class A common shares at $0.0148 per share. The price per share is a 48% premium to the Oct. 18 closing share price of $0.01.
The grower of select organic and conventional fruits and vegetables is based in Pointe-Claire, Quebec.
| Issuer: | Urban Barns Foods Inc.
|
| Issue: | Class A common stock
|
| Amount: | $1 million
|
| Shares: | 67,567,568
|
| Price: | $0.0148
|
| Warrants: | No
|
| Investor: | Dundee Agricultural Corp.
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 29
|
| Stock symbol: | OTCBB: URBF
|
| Stock price: | $0.01 at close Oct. 18
|
| Market capitalization: | $4.76 million
|
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