Epsilon takes in $471,912 through private placement of common shares

Offering sells 8,427 of the company's shares at $56.00 per share

By Devika Patel

Knoxville, Tenn., Aug. 8 - Epsilon Corp. settled a $471,912 private placement of stock on Aug. 2 and Aug. 8, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised $196,952 on Aug. 2 and $274,960 on Aug. 8.

The company sold 8,427 common shares at $56.00 per share. It sold 3,517 shares in the first tranche and 4,910 shares in the second tranche.

The Miami company seeks to launch and maintain an online social network for startups in high-tech industry, where entrepreneurs and investors and industry experts meet.

Issuer:	Epsilon Corp.
Issue:	Common stock
Amount:	$471,912
Shares:	8,427
Price:	$56.00
Warrants:	No
Settlement date:	Aug. 2 (for $196,952), Aug. 8 (for $274,960)
Stock symbol:	OTCBB: EPSO
Stock price:	$0.32 at close Aug. 7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.