Offering sells 7,142,858 shares at $0.35 each on a best-efforts basis
By Devika Patel
Knoxville, Tenn., May 7 – NaturalShrimp Inc. raised $686,167 in the initial tranches of a $2.5 million private placement of stock between Feb. 13 and April 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company is selling 7,142,858 common shares at $0.35 apiece on a best-efforts basis. In the initial closings, the company sold 1,960,477 shares.
The private, shrimp farming company is based in Waco, Texas.
| Issuer: | NaturalShrimp Inc.
|
| Issue: | Common shares
|
| Amount: | $2.5 million
|
| Shares: | 7,142,858
|
| Price: | $0.35
|
| Warrants: | No
|
| Settlement date: | Between Feb. 13 and April 24 (for $686,167)
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
