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SEC Declares GVI Security Solutions Registration Statement Effective
SecurityProNews
Staff Writer
2005-04-23
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GVI Security Solutions announced that a registration statement covering 34,648,410 previously unregistered shares of common stock held by stockholders of the Company...
...had been declared effective by the Securities and Exchange Commission on Friday, April 22, 2005.
The newly registered shares include 22,619,968 shares of common stock issued in the Company's December, 2004 private placement, 2,707,852 shares of common stock issued in connection with the Company's acquisition of Rapor, Inc. on December 1, 2004, and 6,000,000 shares that may be issued to a distributor of the Company under a commercial arrangement. The Company will not receive any proceeds from the sales of common stock by the selling shareholders.
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SecurityProNews is a daily online and email publication focusing on internet security issues.
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