Funds slated for marketing, advertising, publicity and salaries
By Toni Weeks
San Diego, Oct. 26 - Wheelchair ADL Solutions Corp. said it plans to raise $1.25 million in its initial public offering of common shares at $0.25 per share.
The company will sell 5 million shares on a self-underwritten, best-efforts basis through Matthew Allen, the company's officer and director.
Proceeds will be used for marketing, advertising and publicity efforts, to increase salaries and consulting fees, to initiate promotion to vendors to engage in contracts, to initiate the process of taking the company public via the Over-The-Counter Bulletin Board and for general administrative expenses.
The Liberty Lake, Wash., development-stage company plans to distribute Activities of Daily Living (ADL) accessories for wheelchairs and other assisted-living devices.
| Issuer: | Wheelchair ADL Solutions Corp.
|
| Issue: | Common shares
|
| Amount: | $1.25 million
|
| Shares: | 5 million
|
| Price: | $0.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 26
|
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