By Devika Patel
Knoxville, Tenn., April 21 - Emerging Media Holdings Inc. has arranged a $5 million private placement of stock, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 1.25 million common shares.
Proceeds will be used to fund the company's operations as a public company.
Based in Orlando, Fla., Emerging Media is the parent company of Media Alianta and Analiticmedia-Grup. Its primary activities are radio and television broadcasting.
| Issuer: | Emerging Media Holdings Inc.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 1.25 million
|
| Warrants: | No
|
| Pricing date: | April 21
|
| Stock symbol: | OTCBB: EMDH
|
| Stock price: | $3.35 at close April 18
|
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