"....Freestone Resources, Inc. (OTCBB: FSNR) (the “Company”), announced today it had completed the first closing of a private placement to accredited investors only of units consisting of 1,700,000 shares of the Company’s common stock. In the first closing, the Company sold approximately 34 units and received net proceeds of approximately $170,000.."
34 units of 1,700,000 shares each equals 57,800,000 shares with gross proceeds of $170,000.
$170,000 divided by 57,800,000 shares equals $0.00294 per share.
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