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Article: Veri-Tek International, Corp. Entered Into a Securities Purchase Agreement With Certain Institutional Investors.
- Article from:
- PR Newswire
- Article date:
- August 31, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRIDGEVIEW, Ill., Aug. 31 /PRNewswire-FirstCall/ -- Veri-Tek International, Corp. ("Veri-Tek" or the "Company") announced today that it has entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company agreed to issue 1.5 million shares of common stock at $6.00 per share, resulting in approximately $9.0 million in gross proceeds to the Company. The proceeds from the sale will be used to reduce a portion of the Company's debt.
The securities issued in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be subsequently offered or sold by the investors in the ...
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... ... and accessible at the company's corporate website ... com/. About Veri-Tek International, Corp.: Veri-Tek ... are discussed in the Company's filings with the ... are made, and the Company undertakes no obligation ... Contacts: Veri-Tek International, Corp. Hayden ...
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