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| DMNO Up 5% Already on Big News |
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 Hot Stock to Watch |
Company: DomiKnow Inc. (Pink Sheets: DMNO)
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Last:
Price: 0.55
Change (%): + 0.025 (4.76)
Volume: 24,995 |
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DomiKnow(R) Closes 1.25 Million Dollar Private Placement
DES MOINES, Iowa, Aug. 14, 2013 (GLOBE NEWSWIRE) - Less than 20 months after launching its platform and within 10 months of becoming a publicly traded company, DomiKnow® (OTC: DMNO) has announced it has closed a 1.25 million dollar private placement. DomiKnow® CEO John R. Stokka says this is just the “tip of the iceberg.”
“This is exciting news for our shareholders,” said Stokka, from DomiKnow® headquarters in Des Moines, Iowa. “The capital will give us the ability to execute the next phase of our business plan and expand into major markets across the United States.”
Pursuant to the terms of the private placement, the investor has the option to purchase up to 50,000 shares of the Company’s Convertible Preferred Series A Stock, which is convertible into 5,000,000 shares of the Common Stock of the Company. The Company expects the options to be exercised over the next few months. The Stock will be issued in accordance with rule 144 of the Securities Exchange Act of 1933.
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