Company sells common stock at $0.01 per share to 35 investors in deal
By Devika Patel
Knoxville, Tenn., Nov. 26 - Realgold International, Inc. arranged a $446,900 private placement of stock with 35 investors on Nov. 21, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 44.69 million common shares at $0.01 per share. The price per share is an 98.96% discount to $0.96, the Nov. 20 closing share price.
The Melaka, Malaysia, company does not have significant operations.
| Issuer: | Realgold International, Inc.
|
| Issue: | Common stock
|
| Amount: | $446,900
|
| Shares: | 44.69 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Pricing date: | Nov. 21
|
| Stock symbol: | OTCBB: REGO
|
| Stock price: | $0.96 at close Nov. 20
|
| Market capitalization: | $6.54 million
|
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