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Jbi Inc Increases Maximum And Completes Series B Private Placement With Additional $4 Million


Thursday, 17 Jan 2013 04:15pm EST 

Jbi Inc announced that between January 11, 2013 and January 17, 2013 it entered into subscription agreements with accredited investors and consummated the sale of 1,153,556 additional shares of the Company's Series B Convertible Preferred Stock for additional gross proceeds of $4,037,446. As a result of the additional sales, a total of 2.3 million shares were sold in the Series B Offering for aggregate gross proceeds of $8.05 million. On January 11, 2013, the Company designated an additional 300,000 shares of preferred stock as Series B Preferred Stock. As a result of the Amended Series B Designation, a total of 2,300,000 shares have been designated as Series B Preferred Stock. 

Company Quote

0.099
0.0070 +7.61%
29 Jul 2014