Brief: IOU Financial announces private placement of up to $3.5 million

IOU Financial

01/05/2017 14:25

May 1 (Reuters) - Iou Financial Inc  IOU.V :  
    * IOU Financial announces private placement of up to $3.5 
million 
    * IOU Financial Inc- intends to complete a private placement 
of up to 17.5 million common shares of company at a price of 
$0.20 per offered share 
    * IOU Financial Inc- up to $1.5 million of offering will 
brokered by Haywood Securities Inc, remaining portion of 
offering will be non-brokered 
    * IOU Financial-net proceeds of offering will be used 
primarily by co to finance small business loans in co's target 
markets of United States and Canada 
 
Source text for Eikon:  ID:nCNWfMTLya  
Further company coverage:  IOU.V  
 
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