A.C. Moore (ACMR) Completes $10M Private Placement

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May 27, 2009 4:10 PM EDT

A.C. Moore Arts & Crafts, Inc. (Nasdaq: ACMR) today announced that the Company completed a $10.0 million private placement pursuant to which it issued 4,000,000 shares of the Company’s common stock priced at $2.50 per share. The Company will use the proceeds for general working capital purposes.