Article: Veri-Tek International, Corp. Announces Closing of $11.1 Million Private Placement.

WIXOM, Mich., Nov. 15 /PRNewswire-FirstCall/ -- Veri-Tek International, Corp. ("Veri-Tek" or the "Company") announced today that it has closed the $11.1 million private placement of its common stock. Pursuant to the terms of the Securities Purchase Agreement entered into among the Company and certain institutional investors on November 3, 2006, Veri-Tek has sold 2,750,000 shares of its common stock, and has issued Series A Warrants to purchase 550,000 shares of the Company's common stock and Series B Warrants to purchase 550,000 shares of the Company's common stock. Each "unit," consisting of one share of common stock, a Series A Warrant to purchase one- fifth of a ...

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