RVue wraps $345,000 of $1.2 million private placement of common stock

Company sells 17,199,997 of its shares at $0.07 per share in offering

By Devika Patel

Knoxville, Tenn., March 4 - RVue Holdings, Inc. raised $345,000 in the second tranche of a $1.2 million private placement of stock between Dec. 3 and Feb. 3, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal raised $859,000 between Nov. 25 and Dec. 2.

The company priced 17,199,997 common shares at $0.07 per share. It sold 12,271,428 common shares in the first tranche and 4,928,569 shares in the second tranche. The price per share is a 36.36% discount to $0.11, the Nov. 22 closing share price.

Based in Fort Lauderdale, Fla., RVue offers digital advertising services.

Issuer:	RVue Holdings, Inc.
Issue:	Common stock
Amount:	$1,204,000
Shares:	17,199,997
Price:	$0.07
Warrants:	No
Settlement date:	Between Nov. 25 and Dec. 2 (for $859,000), between Dec. 3 and Feb. 3 (for $345,000)
Stock symbol:	OTCBB: RVUE
Stock price:	$0.11 at close Nov. 22
Market capitalization:	$9.62 million

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