Hero Horse hopes to raise $10 million in private placement of stock

By Devika Patel

Knoxville, Tenn., Aug. 7 - Hero Horse Ltd. plans a private placement of its capital stock for between $5 million and $10 million, according to an 8-K filed Friday with the Securities and Exchange Commission.

The fund raising is required as condition to the closing of Bay Acquisition Corp.'s proposed acquisition of all of the company's outstanding capital stock and take Hero Horse on as a subsidiary. Max Yang, the sole stockholder, has agreed to sell his interest for 228,887 of Bay Acquisition's preferred shares.

The private company is based in Samoa.

© 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.