Village Bank sells $1.68 million of stock through private placement

Company sells 1,086,500 common shares at $1.55 per share in offering

By Devika Patel

Knoxville, Tenn., Dec. 4 - Village Bank & Trust Financial Corp. settled a $1.68 million private placement of stock on Dec. 4, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 1,086,500 common shares at $1.55 per share, which is a 30.25% premium to the closing price of the stock on Dec. 3 of $1.19.

The bank holding company is based in Midlothian, Va.

Issuer:	Village Bank & Trust Financial Corp.
Issue:	Common stock
Amount:	$1,684,075
Shares:	1,086,500
Price:	$1.55
Warrants:	No
Settlement date:	Dec. 4
Stock symbol:	Nasdaq: VBFC
Stock price:	$1.19 at close Dec. 3
Market capitalization:	$5.06 million

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