By Laura Lutz
Des Moines, Aug. 30 - Lithium Technology Corp. raised $275,475 from another private placement of series C preferred stock, according to an 8-K filed with the Securities and Exchange Commission.
The company sold 1,101.9 preferred shares at $250 each.
Each preferred share is convertible into 2,500 common shares at a conversion price of C$0.10 per share.
The offering is non-brokered.
Based in Plymouth Meeting, Pa., Lithium develops lithium ion batteries.
| Issuer: | Lithium Technology Corp.
|
| Issue: | Series C convertible preferred stock
|
| Amount: | $275,475
|
| Shares: | 1,101.9
|
| Price: | $250
|
| Conversion ratio: | Each preferred into 2,500 common shares
|
| Conversion price: | $0.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | Aug. 28
|
| Stock symbol: | Pink Sheets: LTHU
|
| Stock price: | $0.09 at close Aug. 28
|
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