Consumer Direct of America, a Las Vegas-based consolidator in the mortgage brokerage industry, has announced a private placement of approximately $5 million of securities.The company said it will offer a minimum of $750,000 of units on a "best efforts all or none" basis and an additional $4.25 million of units on a "best efforts" basis. A unit, consisting of one share of common stock and a class A warrant exercisable by the holder to buy one share of common stock, is priced at 25% of the five-day closing bid price average at closing, Consumer Direct said. The company can be found on the Web at http://www.cdofamerica.com.
Processing Content
