Novori says $1.26 million equity distribution agreement has been terminated

By Devika Patel

Knoxville, Tenn., Nov. 25 - Novori Inc. said the $1.26 million equity distribution agreement it entered into on Jan. 24, 2007 has been terminated.

The cancellation, which came in a notice to the company, takes effect Dec. 10.

The agreement allowed the investor to buy up to $1.26 million of Novori's common stock until Jan. 24, 2009.

During the term of the agreement, Novori had raised $540,000 and issued 2,116,989 shares.

Based in Bellingham, Wash., Novori is an online interactive retailer of diamond engagement rings and fine jewelry.

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