Investor Gwangwei Guo purchases 400,000 common shares at $3.00 apiece
By Devika Patel
Knoxville, Tenn., June 15 - Next Fuel Inc. sold $1.2 million of its common stock to Gwangwei Guo in a private placement, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 400,000 common shares at $3.00 apiece, which is a 31.97% discount to the June 14 closing share price of $4.41.
The Cary, N.C., company provides research services for pharmaceutical companies.
| Issuer: | Next Fuel Inc.
|
| Issue: | Common stock
|
| Amount: | $1.2 million
|
| Shares: | 400,000
|
| Price: | $3.00
|
| Warrants: | No
|
| Investor: | Gwangwei Guo
|
| Announcement date: | June 15
|
| Stock symbol: | Pink Sheets: NXFI
|
| Stock price: | $4.41 at close June 14
|
| Market capitalization: | $35.93 million
|
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