Company sells common stock at 44.44% discount to closing share price
By Devika Patel
Knoxville, Tenn., Oct. 12 - Conforce International, Inc. completed a private placement of stock on Oct. 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The offering raised $2 million.
The company sold 13,333,334 common shares at about $0.15 apiece. The per-share price reflects a 44.44% discount to the closing share price, $0.27, on Sept. 30.
Conforce is a Concord, Ont., company that repairs, sells and stores shipping containers.
| Issuer: | Conforce International, Inc.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 13,333,334
|
| Price: | $0.15 (approximate)
|
| Warrants: | No
|
| Settlement date: | Oct. 1
|
| Stock symbol: | OTCBB: CFRI
|
| Stock price: | $0.27 at close Sept. 30
|
| Market capitalization: | $32.4 million
|
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