Remington Ventures receives agreements for private placement of stock

By Sheri Kasprzak

New York, July 22 - Remington Ventures Inc. said it has secured agreements from institutional and accredited investors for a private placement of stock.

The company will sell common shares to investors in Europe and the United States.

The proceeds will be used for working capital.

Remington president Michael Brown did not return requests for details on the offering by press time Friday.

Based in New York, Remington operates an automatic trading platform for commodities.

The company's stock closed unchanged at $4.30 Friday.

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