By Sheri Kasprzak
New York, July 27 - Edgemont Resources Corp. wrapped a private placement for $12 million as part of its merger with SoftWave Media Exchange, Inc.
The company sold 4 million shares at $3.00 apiece.
Each share of Edgemont was exchanged for one share of SoftWave Media in the merger, for a total of 250 million shares issued.
Edgemont also changed its name to SWMX, Inc.
Before the merger, Vancouver, B.C.-based Edgemont was a mineral exploration company. Now the company will be based in Irvington, N.Y. and operate in the business of selling radio and television media time.
| Issuer: | Edgemont Resources Corp.
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| Issue: | Stock
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| Amount: | $12 million
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| Shares: | 4 million
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| Price: | $3.00
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| Warrants: | No
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| Settlement date: | July 26
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