By Sheri Kasprzak
New York, Feb. 6 - Worldbid Corp. closed a $1,410,121 private placement and a $1.2 million placement.
In the first deal, the company sold 1,880,162 units at $0.75 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at $0.85 each for one year.
In the second offering, the company raised $1.2 million. In the offering, the company sold 1.6 million units under the same terms.
Based in Blain, Wash., Worldbid owns and operates business-to-business and government-to-business web services.
$1.4 million placement
| Issuer: | Worldbid Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1,410,121
|
| Units: | 1,880,162
|
| Price: | $0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.85
|
| Settlement date: | Jan. 31
|
| Stock symbol: | OTCBB: WBDC
|
| Stock price: | $3.05 at close Jan. 31
|
|
|
| $1.2 million placement
|
| Issuer: | Worldbid Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1.2 million
|
| Units: | 1.6 million
|
| Price: | $0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.85
|
| Settlement date: | Jan. 31
|
| Stock symbol: | OTCBB: WBDC
|
| Stock price: | $3.05 at close Jan. 31
|
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