DCI USA negotiates private placement for up to $10 million

By Sheri Kasprzak

New York, Sept. 22 - DCI USA, Inc. intends to raise up to $10 million and at least $5 million in a private placement.

The terms of the deal have not yet been determined, but the offering will likely include convertible notes and warrants.

The offering is being conducted with a group of strategic partners.

DCI, based in New York, invests in real estate and clean energy companies.

The company's stock gained a penny on Friday to close at $0.03 (OTCBB: DCIU).

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