New Issue: Nascent Wine raises $11.3 million from private placement

By Sheri Kasprzak

New York, July 5 - Nascent Wine Co., Inc. wrapped a private placement for $11.299 million.

The company sold 28,247,500 shares at $0.40 each to a group of accredited investors.

Brookstreet Securities Corp. was the placement agent.

Nascent, based in San Diego, distributes food and non-food items.

Issuer:	Nascent Wine Co., Inc.
Issue:	Stock
Amount:	$11.299 million
Shares:	28,247,500
Price:	$0.40
Warrants:	No
Placement agent:	Brookstreet Securities Corp.
Settlement date:	June 28
Stock symbol:	OTCBB: NCTW
Stock price:	$0.90 at close June 28

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