By Sheri Kasprzak
New York, Feb. 27 - Network CN Inc. wrapped a private placement for $1.5 million.
The company sold 500,000 shares at $3.00 each to an Asian investor.
Proceeds will be used for the pursuit of additional media projects in China.
Based in Hong Kong, Network CN provides network services to hotels in China.
| Issuer: | Network CN Inc.
|
| Issue: | Stock
|
| Amount: | $1.5 million
|
| Shares: | 500,000
|
| Price: | $3.00
|
| Warrants: | No
|
| Settlement date: | Feb. 27
|
| Stock symbol: | OTCBB: NWCN
|
| Stock price: | $3.05 at close Feb. 26
|
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