Published on 1/10/2008 in the Prospect News PIPE Daily.
New Issue: Meridian wraps 1.78 billion won private placement of shares
By Devika Patel
Knoxville, Tenn., Jan. 10 - Meridian Co., Ltd. settled a Korean private placement of stock for 1.78 billion Korea won, or the equivalent of about $1.9 million.
The company sold 1,976,666 restricted common shares at 900 won.
Proceeds will be used to reduce debt and fund the company's marketing program in North America and Europe.
Based in Vancouver, B.C., Meridian researches, develops, manufactures and sells advanced medical devices.
| Issuer: | Meridian Co., Ltd.
|
| Issue: | Restricted common shares
|
| Amount: | 1,778,099,400 won
|
| Shares: | 1,976,666
|
| Price: | 900 won
|
| Warrants: | No
|
| Settlement date: | Jan. 10
|
| Stock symbol: | OTCBB: MRDAF
|
| Stock price: | C$1.30 at close Jan. 9
|
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