New Issue: HIMC closes private placement for $1.45 million

By Sheri Kasprzak

Atlanta, Jan. 14 - HIMC Corp. has finished a private placement for $1,447,727.

The company sold 2,954,544 shares at $0.49 each. Net proceeds were $1,355,250.

Based in Tacoma, Wash., HIMC is a technology company that offers payment, verification and authentication systems to internet service providers. The proceeds from the offering will be used to develop the company's sales and marketing department, expand its management team, and facilitate the execution of existing and new contracts.

Issuer:	HIMC Corp.
Issue:	Stock
Amount:	$1,447,727
Shares:	2,954,544
Price:	$0.49
Warrants:	No
Settlement date:	Jan. 14
Stock price:	$1.67 at close Jan. 14

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