Deal sells 5 million common shares at $0.015 each to Stuart Subotnick
By Devika Patel
Knoxville, Tenn., March 17 - Digital Development Group Corp. completed a $75,000 private placement of stock with Stuart Subotnick on March 12, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 5 million common shares. The price per share, of $0.015, is a 62.5% discount to $0.04, the March 11 closing share price.
The Santa Monica, Calif., company provides a backend technological service to enable content providers to deliver their content across multiple platforms using existing internet protocol services.
| Issuer: | Digital Development Group Corp
|
| Issue: | Common stock
|
| Amount: | $75,000
|
| Shares: | 5 million
|
| Price: | $0.015
|
| Warrants: | No
|
| Investors: | Stuart Subotnick
|
| Settlement date: | March 12
|
| Stock symbol: | OTCBB: DIDG
|
| Stock price: | $0.04 at close March 11
|
| Market capitalization: | $3.08 million
|
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