By Sheri Kasprzak
New York, March 8 - Rubicon Financial Inc. settled a $1 million private placement.
The company issued 500,000 shares at $2.00 apiece in the deal.
Proceeds will be used for working capital, acquisitions, executive recruitment and the potential funding of new financial services divisions.
In other news, Rubicon hired Michael Sederoff as its chief financial and chief operating officer.
Located in Irvine, Calif., Rubicon is a holding company that acquires private financial services companies.
| Issuer: | Rubicon Financial Inc.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 500,000
|
| Price: | $2.00
|
| Warrants: | No
|
| Settlement date: | March 8
|
| Stock symbol: | OTCBB: RBCF
|
| Stock price: | $1.50 at close March 8
|
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