Published on 9/8/2006 in the Prospect News PIPE Daily.
New Issue: New World Brands secures $1.5 million from stock offering
By Sheri Kasprzak
New York, Sept. 8 - New World Brands, Inc. entered into agreements to close a $1.5 million private placement.
The company intends to sell 7.5 million shares at $0.20 each to Oregon Spirit, LLC.
New World, based in Fort Lauderdale, Fla., imports and distributes wine and spirits.
| Issuer: | New World Brands, Inc.
|
| Issue: | Stock
|
| Amount: | $1.5 million
|
| Shares: | 7.5 million
|
| Price: | $0.20
|
| Warrants: | No
|
| Investor: | Oregon Spirit, LLC
|
| Announcement date: | Sept. 8
|
| Stock symbol: | OTCBB: NWBD
|
| Stock price: | $0.25 at close Sept. 8
|
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