By Sheri Kasprzak
New York, Aug. 22 - Fashion House Holdings, Inc. said it has completed a private placement for $2.5 million.
The company sold 2.5 million shares at $1.00 each.
Brookstreet Securities Corp. was the placement agent for the offering.
Separately, Fashion House Holdings issued 14,114,200 post-split shares to the shareholders of Fashion House, Inc. in exchange for all of the outstanding shares of Fashion House, Inc. Fashion House, Inc. will now become a wholly owned subsidiary of Fashion House Holdings, and Fashion House Holdings will conduct a reverse stock split on a 21.8 to 1 basis. The split is expected to wrap up on Aug. 29.
Based in Centennial, Colo., Fashion House Holdings, formerly known as TDI Holding Corp., had previously been a mining and exploration company but has been a shell company for three years. The company will now be in the apparel and footwear designing and marketing business.
| Issuer: | Fashion House Holdings, Inc.
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| Issue: | Stock
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| Amount: | $2.5 million
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| Shares: | 2.5 million
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| Price: | $1.00
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| Warrants: | No
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| Placement agent: | Brookstreet Securities Corp.
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| Settlement date: | Aug. 19
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| Stock price: | $0.045 at close Aug. 19 (for TDI Holding Corp.)
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