News about private placements and raising of fresh capital are followed quite closely by investors. However, such an announcement from TIMIA Capital Corporation (OTCMKTS:TIMCF) on Tuesday did not lead to any move in the company’s stock one way or another.
Trading Data
On Tuesday, TIMCF stock ended flat at $0.2925 with more than 100 shares, compared to its average volume of 91 shares. The stock has moved within a range of $0.2925 – 0.2925 after opening trade at $0.2925 .
TIMIA Capital Announces Increase in Non-Brokered Private Placement and Closes First Tranche
The stock remained in a range. In this situation, it may be a good move for investors to take a look at the announcement from TIMIA Capital and then make up their minds. The major technology innovator in the private credit industry announced yesterday that it had decided to raise the size of its private placement of 5,000,000 units in TIMIA to $2,400,000 from $1,750,000.
It was a major announcement from the company and one that could bring considerable focus on the stock over the course of the coming days. Each of the units that are being offered by TIMIA are made up of one common share in the company and half of a share purchase warrant. Despite the fact that the news did not cause much of an action in the TIMIA stock yesterday, it may be the right time to add the stock to you watch lists and watch the price action.
