By Sheri Kasprzak
Atlanta, Dec. 9 - Lexon Technologies Inc. said Thursday it has completed a private placement for $1.7 million.
The company issued 10,125,000 shares at about $0.16 a share to two individual investors.
Kyoung Ho Lim purchased 4 million of the shares, and Young Hee Lee bought 6,125,000. A consultant in the offering, Joon Ho Chang, also received 1 million shares.
The company also said Thursday it has acquired majority control in Techone Co. Ltd., a technology company based in South Korea, through a $1.585 million investment.
Based in Dublin, Pa., Lexon is a technology transfer company focused on developing and marketing technology for security, defense, law enforcement and humanitarian purposes.
| Issuer: | Lexon Technologies Inc.
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| Issue: | Stock
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| Amount: | $1.7 million
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| Shares: | 10,125,000
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| Price: | $0.16
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| Warrants: | No
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| Investors: | Kyoung Ho Lim and Young Hee Lee
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| Settlement date: | Dec. 9
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| Stock price: | $0.12 at close Dec. 2 (last trade)
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