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Aduddell Industries Announces Capital Raise.

Publication: Business Wire
Publication Date: 19-OCT-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
OKLAHOMA CITY -- Aduddell Industries (OTCBB: ADDL) announced today that it has closed a private placement of 20,000 shares of its Series A Preferred Stock, par value $.001 per share, for $100 per share, or total gross proceeds of $2,000,000. The Series A Preferred Stock carries a cash dividend of 14% per annum payable monthly. Each share of Series A...

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