Comstock on May 17, Announced Private Placement of 1.25M Restricted Shares at $0.40/Share to the Chairman & CEO
Portfolio Pulse from Benzinga Newsdesk
Comstock Inc. announced a private placement of 1.25 million restricted shares at $0.40 per share to its Chairman & CEO, generating $500,000 in net proceeds. The Chairman financed the purchase through a personal promissory note issued to Alvin Fund LLC.
May 20, 2024 | 10:30 am
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Comstock Inc. announced a private placement of 1.25 million restricted shares at $0.40 per share to its Chairman & CEO, generating $500,000 in net proceeds. The Chairman financed the purchase through a personal promissory note issued to Alvin Fund LLC.
The private placement indicates strong insider confidence in the company, which is generally a positive signal for investors. The Chairman's significant personal investment and the structured financing through a promissory note suggest a commitment to the company's future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100