Company sells 500,000 common shares at $0.08 apiece through offering
By Devika Patel
Knoxville, Tenn., Oct. 2 - Dixie Foods International, Inc. completed a $40,000 private placement of stock on Oct. 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 500,000 common shares at $0.08 per share. The price per share reflects a 85.46% discount to $0.55, the closing share price on Sept. 30.
The specialty food company is based in Williston, Fla.
| Issuer: | Dixie Foods International, Inc.
|
| Issue: | Common stock
|
| Amount: | $40,000
|
| Shares: | 500,000
|
| Price: | $0.08
|
| Warrants: | No
|
| Settlement date: | Oct. 1
|
| Stock symbol: | OTCBB: DIXI
|
| Stock price: | $0.55 at close Sept. 30
|
| Market capitalization: | $4.13 million
|
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