PRIVATE PLACEMENT OF COMMON STOCK |
9 Months Ended |
|---|---|
Sep. 30, 2011 | |
| PRIVATE PLACEMENT OF COMMON STOCK |
NOTE 14 – PRIVATE PLACEMENT OF COMMON STOCK
On June 30, 2011, the Company completed the sale of
340,000 shares of its common stock in a private placement to 105
accredited investors and 20 non-accredited investors for $30.00 per
share, for aggregate proceeds of $10,200,000. The
private placement was in conjunction with the Company’s entry
into the Pensacola, Florida market. The offering,
completed on June 30, 2011, was exempt from registration under the
Securities Act of 1933, and no underwriter or placement agent was
involved in the private placement.
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