Company sells 125,788,400 common shares at $0.005 per share in deal
By Devika Patel
Knoxville, Tenn., July 31 - Asia Travel Corp. arranged a $628,942 private placement of stock on July 22, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company will sell 125,788,400 common shares at $0.005 apiece. The price per share is a 99.17% discount to the July 19 closing share price of $0.60.
The Kowloon, Hong Kong, company provides travel related services throughout Asia.
| Issuer: | Asia Travel Corp.
|
| Issue: | Common stock
|
| Amount: | $628,942
|
| Shares: | 125,788,400
|
| Price: | $0.005
|
| Warrants: | No
|
| Pricing date: | July 22
|
| Stock symbol: | OTCBB: ATSR
|
| Stock price: | $0.60 at close July 19
|
| Market capitalization: | $31.18 million
|
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