Published on 11/26/2007 in the Prospect News PIPE Daily.
New Issue: Yangtze Telecom wraps C$1 million private placement of stock
By Devika Patel
Knoxville, Tenn., Nov. 26 - Yangtze Telecom Corp. said it has settled a C$1 million non-brokered private placement of shares on Nov. 23. The deal priced on Nov. 7.
The company sold 5.89 million shares at C$0.17 apiece.
Vancouver, B.C.-based Yangtze develops business and consumer applications using internet and wireless data communications technologies.
Issuer: | Yangtze Telecom Corp.
|
Issue: | Shares
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Amount: | C$1,001,300
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Shares: | 5.89 million
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Price: | C$0.17
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | Nov. 7
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Settlement date: | Nov. 23
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Stock symbol: | TSX Venture: SMS
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Stock price: | C$0.30 at close Nov. 7
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