NaturalShrimp completes $280,508 of $2.5 million placement of stock

Offering sells 7,142,858 shares at $0.35 each on a best-efforts basis

By Devika Patel

Knoxville, Tenn., June 3 – NaturalShrimp Inc. raised $280,508 in a tranche of a $2.5 million private placement of stock on May 28, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised $686,167 between Feb. 13 and April 24.

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. It sold 801,452 shares in the second tranche.

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 dates:	Between Feb. 13 and April 24 (for $686,167), May 28 (for $280,508)

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