Company sells 50 million shares at $0.05 apiece to Legacy Resources
By Devika Patel
Knoxville, Tenn., April 26 - Trycera Financial Inc. arranged a $2.5 million private placement of stock on March 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission. It raised $100,000 in the sale on April 1.
The company will sell 50 million common shares at $0.05 per share to Legacy Resources Development, LLC. The price per share is a 150% premium to $0.02, the March 29 closing share price.
The Newport Beach, Calif., company offers financial products and services.
Issuer: | Trycera Financial Inc.
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Issue: | Common stock
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Amount: | $2.5 million
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Shares: | 50 million
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Price: | $0.05
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Warrants: | No
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Investors: | Legacy Resources Development, LLC
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Pricing date: | March 30
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Settlement date: | April 1 (for $100,000)
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Stock symbol: | Pink Sheets: TRYF
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Stock price: | $0.02 at close March 30
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Market capitalization: | $9.04 million
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