Can someone define private placement based on the article below and how it affects the stock price - will go up or down?. Thank you.Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") today announced that it had completed a private placement of $1,900,000 in common shares at a price of $.04125 per share. The Company anticipates completing an additional private placement for $100,000 by June 25 for a maximum total amount raised of $2,000,000.
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'Alone we can do so little; together we can do so much.' - Helen Keller
[This message has been edited by TradingWizard (edited June 14, 2004).]
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