Published on 8/25/2009 in the Prospect News PIPE Daily.
New Issue: TechMedia Advertising wraps $2.28 million private placement of units
By Devika Patel
Knoxville, Tenn., Aug. 25 - TechMedia Advertising Inc. settled a $2.28 million private placement of units on Aug. 12, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 2,275,000 units at $1.00 per unit. Each unit consists of one common share and a half-share warrant. The whole warrants are exercisable at $2.00 for two years.
The Seattle-based company intends to develop a web-based recruiting and placement service to assist overseas nurses who want to work in the United States and Canada.
| Issuer: | TechMedia Advertising Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2,275,000
|
| Units: | 2,275,000
|
| Price: | $1.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $2.00
|
| Settlement date: | Aug. 12
|
| Stock symbol: | OTCBB: TECM
|
| Stock price: | $2.10 at close Aug. 12
|
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