Company sells 4,897,333 of its shares at $0.15 per share via offering
By Devika Patel
Knoxville, Tenn., Dec. 31 – Rocap Marketing Inc. settled a $734,600 private placement of stock on Nov. 21, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 4,897,333 common shares at $0.15 apiece, a 50% discount to the Dec. 30 closing share price of $0.30.
Proceeds will be used for sales and marketing, research and development and general corporate purposes.
Based in Thousand Oaks, Calif., Rocap Marketing, through its subsidiary, Spiral, LLC, designs and distributes online entertainment applications.
| Issuer: | Rocap Marketing Inc.
|
| Issue: | Common shares
|
| Amount: | $734,600
|
| Shares: | 4,897,333
|
| Price: | $0.15
|
| Warrants: | No
|
| Announcement date: | Dec. 31
|
| Settlement date: | Nov. 21
|
| Stock symbol: | OTCBB: ROCPE
|
| Stock price: | $0.30 at close Dec. 30
|
| Market capitalization: | $12.38 million
|
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