By Sheri Kasprzak
New York, April 25 - NBOG Bancorporation, Inc. completed a $2 million private placement.
The company sold 738,008 shares at $2.71 each to William Blanton, a private investor.
Blanton also received warrants for 738,008 shares, exercisable at $2.71 each. The warrants do not expire.
Proceeds will be used for working capital.
Based in Gainesville, Ga., NBOG is a bank holding company.
| Issuer: | NBOG Bancorporation, Inc.
|
| Issue: | Stock
|
| Amount: | $2 million
|
| Shares: | 738,008
|
| Price: | $2.71
|
| Warrants: | For 738,008 shares
|
| Warrant strike price: | $2.71
|
| Investor: | William Blanton
|
| Settlement date: | April 23
|
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