Offering sells 250,000 common shares at $0.32 apiece to two investors
By Devika Patel
Knoxville, Tenn., Oct. 24 - LILM, Inc. settled an $80,000 private placement of stock on Oct. 15, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 250,000 restricted common shares at $0.32 per share. The price per share is a 62.36% discount to the Oct. 14 closing share price of $0.85.
Sarah Campbell invested $32,000 and Thomas G. Campbell invested $48,000.
The Salt Lake City company makes and markets the LiL Marc, a plastic boys toilet-training device constructed of white polyethylene plastic having the appearance of white porcelain.
| Issuer: | LILM, Inc.
|
| Issue: | Restricted common shares
|
| Amount: | $80,000
|
| Shares: | 250,000
|
| Price: | $0.32
|
| Warrants: | No
|
| Investor: | Sarah Campbell (for $32,000), Thomas G. Campbell (for $48,000)
|
| Settlement date: | Oct. 15
|
| Stock symbol: | OTCBB: LILM
|
| Stock price: | $0.85 at close Oct. 14
|
| Market capitalization: | $2.24 million
|
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