Ready Credit plans to conduct private placement

By Sheri Kasprzak

New York, Nov. 9 - Ready Credit Corp. said it intends to conduct a private placement.

The full terms of the offering were unavailable at press time Thursday.

The company recently entered into a credit agreement with Whitebox Advisors, LLC for up to $13 million and received a $600,000 convertible bridge loan from a private investor.

Ready Credit, based in Minneapolis, provides prepaid debit cards sold at self-service kiosks.

On Thursday, the company's stock remained unchanged at $0.30 (Pink Sheets: RCTC).

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