Lightbridge Enters Into Agreement to Sell Common Stock
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Lightbridge (LTBR) Raises $2.8M Via Sale of Conv. Stock; Will Appoint New co-Chair
June 29, 2016 9:26 AM EDTLightbridge Corporation (Nasdaq: LTBR) announced that it secured a $2.8 million convertible preferred investment from General International Holdings Inc., an entity controlled by Mr. Xingping Hou, subject to certain closing conditions, including the Companys continued listing on the NASDAQ Capital Market. The purchase price for the preferred shares is $0.55 per share and the preferred shares are initially convertible into common stock on a... More
