Company sells 200,000 of its shares at $0.025 apiece through offering
By Devika Patel
Knoxville, Tenn., Sept. 14 – Real Estate Contacts Inc. settled a $5,000 private placement of stock on Sept. 13, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 200,000 common shares at $0.025 apiece. The per-share price represents a 77.27% discount to the Aug. 31 closing share price of $0.11.
Proceeds were used for general corporate purposes.
The Pittsburgh company owns and operates a real estate advertising portal web site.
| Issuer: | Real Estate Contacts Inc.
|
| Issue: | Common stock
|
| Amount: | $5,000
|
| Shares: | 200,000
|
| Price: | $0.025
|
| Warrants: | No
|
| Settlement date: | Sept. 13
|
| Stock symbol: | OTCBB: REAC
|
| Stock price: | $0.11 at close Aug. 31
|
| Market capitalization: | $11,750
|
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