By Sheri Kasprzak
Atlanta, Jan. 10 - id-Confirm Inc. has raised $1 million in a private placement.
The company sold 1 million units to a single investor at $1 each.
The units are comprised of one share and two warrants. The warrants allow for an additional share at $1.25 each for the first year and $1.50 for the second year.
Based in Denver, id-Confirm develops biometric technologies to prevent identity theft and fraud.
| Issuer: | id-Confirm Inc.
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| Issue: | Units of one share and two warrants
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| Amount: | $1 million
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| Shares: | 1 million
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| Price: | $1
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| Warrants: | Two warrants per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $1.25 for the first year; $1.50 for the second year
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| Settlement date: | Jan. 10
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| Stock price: | $2.03 at close Jan. 10
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