By Sheri Kasprzak
New York, Nov. 17 - Network CN Inc. has pocketed another $1.02 million from its previously announced private placement.
The company most recently sold 1.2 million shares at $0.85 each to a new shareholder in Hong Kong.
On Nov. 1, the company sold another 1.2 million shares, and on Oct. 24 Network CN issued 1.3 million shares at the same price.
Proceeds will be used for activities related to the company's proposed business in China as well as for general corporate purposes.
Hong Kong-based Network CN is a media network company focused on developing networks throughout China, including a hotel network.
| Issuer: | Network CN Inc.
|
| Issue: | Stock
|
| Amount: | $1.02 million
|
| Shares: | 1.2 million
|
| Price: | $0.85
|
| Warrants: | No
|
| Settlement date: | Nov. 17
|
| Stock symbol: | OTCBB: NWCN
|
| Stock price: | $4.60 at close Nov. 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
