|
|
Article: Lucille Farms Announces $4.5 Million Equity Investment By, and Preferential Pricing Structure With, St. Albans Cooperative Creamery, Inc.
- Article from:
- Business Wire
- Article date:
- June 12, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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)
|
Business Editors
MONTVILLE, N.J.--(BUSINESS WIRE)--June 12, 2002
Lucille Farms Anounces Continued Listing On Nasdaq Subject to Making a
Public Filing With SEC and Nasdaq and Being in Compliance With Other
Criteria for Continued Listing
Lucille Farms, Inc. (NASDAQ-LUCY) announced today that it has entered into an agreement with St. Albans Cooperative Creamery, Inc., pursuant to which St. Albans has (i) converted $1,000,000 of accounts payable currently owed by Lucille Farms to St. Albans into 333,333 shares of common stock, (ii) converted $3,500,000 of accounts payable currently owed by Lucille Farms to St. Albans into (A) ...