Sitestar Completes a Private Placement of Common Stock
Nov 08, 2016
OTC Disclosure News Service
Sitestar Corporation (OTCQB: SYTE) (“Sitestar” or the “Company”) today announced that it has raised $1,625,975.20 in equity through the private placement of 32,519,504 shares of newly issued common stock at a price of five cents per share, which is the book value of the Company at the end of the second quarter of 2016. As of the effective date, November 7, 2016, Sitestar has a total of 190,230,163 outstanding shares.
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110816 Press Release.Private Placement.pdf
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