By Sheri Kasprzak
New York, Oct. 24 - Most Home Corp. said it has concluded the first tranche of a $1 million private placement for $250,000.
The company issued 833,334 units at $0.30 each.
The units include one share and one half-share warrant. The whole warrants allow for the purchase of another share at $0.33 each for three years.
The entire offering calls for the sale of 3,333,334 units under the same terms. The second and final closing is scheduled to settle on Nov. 17.
Based in Vancouver, B.C., Most Home provides web-based client acquisition, response and qualification information to real estate clients.
| Issuer: | Most Home Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | $250,000
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| Units: | 833,334
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| Price: | $0.30
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | $0.33
|
| Settlement date: | Oct. 24 (for the first tranche)
|
| Stock price: | $0.45 at close Oct. 24
|
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