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Published on 6/15/2012 in the Prospect News PIPE Daily.

Delaine settles $243,808 private placement of restricted common stock

Company offers 673,840 shares at about $0.361819 per share

By Devika Patel

Knoxville, Tenn., June 15 - Delaine Corp. completed a $243,808 private placement of stock between May 15 and June 12, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company sold 673,840 restricted common shares at about $0.361819 apiece.

Based in Albany, N.Y., Delaine provides an internet search algorithm for the searching, cross referencing, pricing and purchasing of used auto parts.

Issuer:Delaine Corp.
Issue:Common stock
Amount:$243,808
Shares:673,840
Price:$0.361819 (approximate)
Warrants:No
Settlement date:Between May 15 and June 12

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