Brand Neue Closes $1.265M Private Placement
Bentonville, Arkansas — Brand Neue Corp. announced that it has closed a non-brokered private placement (the “Private Placement”) with multiple accredited investors (the “Investors”) resulting in aggregate proceeds to the Company treasury of $1.265M USD via private placement offering to fund inventory purchases, product innovation and general corporate purposes.
The Private Placement represents an investment by the Investors in Brand Neue comprised of investment purchase financing consisting of 2,530,000 (two million, five hundred thirty thousand) common shares (“Common Shares”) of the Company at a price of $0.50 per share for aggregate proceeds to the Company of $1,265,000.00 (one million, two hundred and sixty five thousand dollars). http://www.marketwatch.com/story/brand-neue-corp-closes-1265m-private-placement-2010-06-04?reflink=MW_news_stmp
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