Lone investor purchases 200,000 common shares at $0.50 per share
By Devika Patel
Knoxville, Tenn., Oct. 14 – HCi Viocare completed a $100,000 private placement of stock with a single investor on Oct. 7, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 200,000 common shares at $0.50 apiece. The price per share reflects a 33.33% discount to the Oct. 6 closing share price of $0.75.
The development-stage company is based in Glasgow. It is working to create a chain of prosthetics and orthotics and diabetic foot clinics in Europe and the Middle East and developing a portfolio of biomedical technologies in the diabetic foot, prosthetics and orthotics and other health and wellbeing areas.
| Issuer: | HCi Viocare
|
| Issue: | Common stock
|
| Amount: | $100,000
|
| Shares: | 200,000
|
| Price: | $0.50
|
| Warrants: | No
|
| Settlement date: | Oct. 7
|
| Stock symbol: | OTCBB: VICA
|
| Stock price: | $0.75 at close Oct. 6
|
| Market capitalization: | $155.87 million
|
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