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Sunday, July 29, 2007 3:53:02 PM
The company plans to raise the balance of its previously announced 13.5 million dollars through private placements without increasing its authorized common shares. The private placements will utilize the balance of the yet to be issued common shares in its treasury and will be priced at $1.00 per share. The shares will be restricted and will not affect the current public float.
I am sure their is an explanation. I am not sure what it is. Can anyone enlighten me?
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