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Community Financial Shares Inc Announces $2.8 Million Private Placement Offering


Wednesday, 28 Aug 2013 06:10pm EDT 

Community Financial Shares Inc announced that the Company has entered into subscription agreements with certain accredited investors pursuant to which the Company will issue 2,837,000 shares of common stock at a purchase price of $1.00 per share in a private placement offering for aggregate proceeds of $2.8 million. The issuance of the shares of common stock to the investors is subject to the non-dilution rights afforded to certain stockholders of the Company pursuant to the Securities Purchase Agreement, dated as of November 13, 2012, by and between the Company and the stockholders identified therein. FIG Partners LLC served as placement agent to the Company in connection with the private placement offering. 

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