LiveDeal may sell 10 million shares via at-the-market sales agreement

Deal arranged with Chardan Capital Markets, funds corporate purposes

By Devika Patel

Knoxville, Tenn., May 20 - LiveDeal, Inc. negotiated an at-the-market sales agreement for up to 10 million common shares with Chardan Capital Markets, LLC, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.

Chardan will be paid a 3% commission.

Proceeds will be used for operations, including general corporate purposes, working capital, capital expenditures, research and development expenditures and acquisitions.

Based in Mesa, Ariz., LiveDeal provides local customer acquisition services for small businesses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.