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Lakeland Industries (LAKE) Enters $11M Placement at $10/Share
October 24, 2014 9:20 AM EDTLakeland Industries (NASDAQ: LAKE) announced that it has entered into a definitive securities purchase agreement to raise approximately $11.2 million in a private placement of common stock sold at a price of $10.00 per share.
Proceeds from the financing will be used to fully repay Lakeland's 12% subordinated term loan with LKL Investments, LLC in the approximate amount... More
