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
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Amount: | $628,942
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Shares: | 125,788,400
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Price: | $0.005
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Warrants: | No
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Pricing date: | July 22
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Stock symbol: | OTCBB: ATSR
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Stock price: | $0.60 at close July 19
|
Market capitalization: | $31.18 million
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