Offering sells 60,000 preferreds to Hi Score at $2.50 per preferred
By Devika Patel
Knoxville, Tenn., Nov. 15 - Olie Inc. said it plans a $150,000 private placement of convertible preferred stock. Hi Score Corp. is the investor.
The company will sell 60,000 preferreds at $2.50 apiece.
The preferreds are convertible at par value upon maturity.
The Miami company offers independent music production services.
| Issuer: | Olie Inc.
|
| Issue: | Convertible preferred stock
|
| Amount: | $150,000
|
| Preferreds: | 60,000
|
| Price: | $2.50
|
| Warrants: | No
|
| Investor: | Hi Score Corp.
|
| Pricing date: | Nov. 15
|
| Stock symbol: | OTCBB: OLIE
|
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