New Issue: Rand Capital aims for $3.42 million in private placement of its stock

By Devika Patel

Knoxville, Tenn., July 24 - Rand Capital Corp. announced that it hopes to raise $3.42 million in a private placement of stock.

The company will sell 1 million common shares at $3.42 apiece.

Rand Capital is a venture capital investment company in Buffalo, N.Y.

Issuer:	Rand Capital Corp.
Issue:	Common stock
Amount:	$3.42 million
Shares:	1 million
Price:	$3.42
Warrants:	No
Settlement date:	July 24
Stock symbol:	Nasdaq: RAND
Stock price:	$3.25 at close July 24
Market capitalization:	$18.6 million

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