Company sells 200,000 shares at $0.50, a 41.18% discount, through deal
By Devika Patel
Knoxville, Tenn., Sept. 30 – Mount Tam Biotechnologies Inc. settled a $100,000 private placement of stock on Sept. 25, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 200,000 common shares at $0.50 per share, a 41.18% discount to the Sept. 29 closing share price of $0.85.
The biopharmaceutical company is based in Novato, Calif.
| Issuer: | Mount Tam Biotechnologies Inc.
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| Issue: | Common shares
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| Amount: | $100,000
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| Shares: | 200,000
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| Price: | $0.50
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| Warrants: | No
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| Announcement date: | Sept. 30
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| Settlement date: | Sept. 25
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| Stock symbol: | OTCBB: MNTM
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| Stock price: | $0.85 at close Sept. 29
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| Market capitalization: | $37.85 million
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