Company sells 116,000 common shares at $0.50 per share in offering
By Devika Patel
Knoxville, Tenn., March 14 - Resolute Oncology Inc. completed a $58,000 private placement of stock on March 13, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 116,000 common shares at $0.50 per share. The price per share is a 50% discount to the March 12 closing share price of $1.00.
Based in Sherman Oaks, Calif., the company develops, launches and markets biopharmaceutical products and technologies to treat cancers.
| Issuer: | Resolute Oncology Inc.
|
| Issue: | Common stock
|
| Amount: | $58,000
|
| Shares: | 116,000
|
| Price: | $0.50
|
| Warrants: | No
|
| Settlement date: | March 13
|
| Stock symbol: | OTCBB: REON
|
| Stock price: | $1.00 at close March 12
|
| Market capitalization: | $37.4 million
|
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