By Sheri Kasprzak
New York, Dec. 1 - New Medium Enterprises, Inc. settled a private placement for $1,475,000.
The company sold 5.9 million shares at $0.25 each to a group of foreign investors.
Proceeds will be used for working capital.
London-based New Medium provides optical disc technologies, file formats, encryption technologies, authoring tools and compression technologies to high-definition DVD producers.
| Issuer: | New Medium Enterprises, Inc.
|
| Issue: | Stock
|
| Amount: | $1,475,000
|
| Shares: | 5.9 million
|
| Price: | $0.25
|
| Warrants: | No
|
| Settlement date: | Nov. 30
|
| Stock symbol: | OTCBB: NMEN
|
| Stock price: | $0.31 at close Nov. 30
|
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