Company sells 8 million common shares at $0.01 per share in offering
By Devika Patel
Knoxville, Tenn., May 19 - Tierra Grande Resources Inc. completed an $80,000 private placement of stock on May 16, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 8 million common shares at $0.01 apiece, which is identical to the May 15 closing share price.
The gold explorer is based in Mosman Park, Western Australia.
| Issuer: | Tierra Grande Resources Inc.
|
| Issue: | Common stock
|
| Amount: | $80,000
|
| Shares: | 8 million
|
| Price: | $0.01
|
| Warrants: | No
|
| Settlement date: | May 16
|
| Stock symbol: | OTCBB: CDYY
|
| Stock price: | $2.35 at close May 15
|
| Market capitalization: | $1.05 million
|
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