By Sheri Kasprzak
New York, Dec. 5 - Freestar Technology Corp. said it completed a private placement for $1 million.
The company sold 8,333,333 shares to a single investor for $0.12 each.
The offering was closed in two separate tranches on Oct. 13 and Nov. 18.
Based in Dublin, Freestar develops software used in e-commerce transactions to secure credit, debit, ATM and smart cards.
| Issuer: | Freestar Technology Corp.
|
| Issue: | Stock
|
| Amount: | $1 million
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| Shares: | 8,333,333
|
| Price: | $0.12
|
| Warrants: | No
|
| Settlement date: | Nov. 18
|
| Announcement date: | Dec. 5
|
| Stock price: | $0.30 at close Dec. 5
|
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