NEWS: Aluf Holdings, Inc. Announces Private Placement Financing of $4,000,000
Press Release | 11/02/2018
HOLLYWOOD, FL / ACCESSWIRE / November 2, 2018 / Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announces that it intends to complete a self-offering private placement financing of units of the Company (the ''Units'') at a price of $0.0025 per Unit for gross proceeds of up to $4,000,000 (the ''Offering'').
Each Unit shall consist of one common share of the Company (a ''Common Share'') and one common share purchase warrant (each whole warrant, a ''Warrant''). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.005 for a period of 12 months from the date of issuance.
The Company may pay a finder's fee in connection with the private placement within the amount permitted by law. Certain directors, officers and insiders of the Company will participate in the Private Placement. The Offering will be undertaken pursuant to Regulation D, Rule 506(c).
The Company intends to use the net proceeds from the Private Placement to provide partial funding for its planned biometric acquisitions and for general corporate purposes. The private placement is expected to close on or about April 30, 2019.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
On behalf of the Board of Directors of the Company and for further information, please contact: Teresa McWilliams, Chief Financial Officer, at t.mcwilliams@alufinc.com.
To view the website, please visit www.alufinc.com. In addition to featuring information regarding the Company and its management, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.
