|
|
Article: North American Holding Corp. completes $2 million private placement of Class A common stock to real estate developers Konover and Gampel.
- Article from:
- PR Newswire
- Article date:
- September 30, 1986
CopyrightCOPYRIGHT 1986 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)
|
EAST HARTFORD, Conn., Sept. 30 /PRNewswire -- North American Holding Corp. (NASDQ: NAHL) announced today it has completed the $2 million private placement of new class A non-voting common stock to well known real estate developers Simon Konover and Harry Gampel.
The transaction is for 222,222 shares of the new class A shares at an equivalent of $9 per share of the currently traded common stock.
On Sept. 4, 1986, North American Holding Corp. declared a 100 percent stock dividend of the newly authorized class A shares to holders of record Oct. 31, 1986, payable Nov. 21, 1986.
Edward M. Kopko, chairman and ...