Although SBD Capital Corp (OTCMKTS:SBDCF) made a major announcement yesterday, it did not lead to much of a move in its stock and it continued to move within a range. However, in this situation, investors could look into the announcement and figure out if there might be a move in the stock in the coming days.
Trading Data
On Thursday, SBDCF stock ended flat at $0.0201 with more than 8.9k shares, compared to its average volume of 141 shares. The stock has moved within a range of $0.0201 – 0.0201 after opening trade at $0.0201.
Announces Closing of Private Placement
The company announced yesterday that it had successfully concluded the private placement of a non-brokered nature by issuing as many as 1800000 units. The units were offered for $0.025 each and as a result, SBD Capital Corp managed to bring in gross proceeds to the tune of as much as $45,000.
The units offered by the company were made up of one unit of a common share in SBD Capital and one share purchase warrant. The warrant holder is going to be able to pick up a common share in the company for $.05 up until 24 months since the day of the closing of the placement. It now remains to be seen if the SBD Capital stock manages to get any attention from investors over the course of the coming days or not.
