Deal to fund administrative expenses and working capital requirements
By Devika Patel
Knoxville, Tenn., June 22 – Regulus Corp. priced its $2 million initial public offering of stock in a Form S-1 filed Monday with the Securities and Exchange Commission.
The company will sell 2 million common shares at $1.00 per share on a self-underwritten, best-efforts basis.
Proceeds will be used for administrative expenses and general working capital requirements.
The energy company is based in Rockland, Maine. The company expects its shares to trade on the OTCBB.
| Issuer: | Regulus Corp.
|
| Issue: | Common stock
|
| Amount: | $2 million
|
| Shares: | 2 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | June 22
|
| Stock exchange: | OTCBB
|
|
|
|
|
© 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.
