By Sheri Kasprzak
New York, June 28 - Lithium Technology Corp. sealed a $1.35 million private placement of series C convertible preferred stock.
The company sold 9,000 shares of the preferred stock at $150.00 each.
Each preferred is convertible into 2,500 common shares at $0.06 each.
The offering was not brokered.
Based in Plymouth Meeting, Pa., Lithium develops lithium ion batteries.
| Issuer: | Lithium Technology Corp.
|
| Issue: | Series C convertible preferred stock
|
| Amount: | $1.35 million
|
| Shares: | 9,000
|
| Price: | $150.00
|
| Conversion ratio: | Each preferred into 2,500 common shares
|
| Conversion price: | $0.06
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | June 27
|
| Stock symbol: | Pink Sheets: LTHU
|
| Stock price: | $0.12 at close June 27
|
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