Lightbridge Secures $2.8 Million Preferred Stock Investment at $0.55 per Share, Subject to Closing Conditions

RESTON, Va., June 29, 2016, LTBR, (GLOBE NEWSWIRE) Lightbridge Corporation (NASDAQ:LTBR), a U.S. nuclear fuel technology company, today announced that it secured a $2.8 million convertible preferred investment from General International Holdings Inc., an entity controlled by Mr. Xingping Hou, subject to certain closing conditions, including the Company’s continued listing on the NASDAQ Capital Market. The purchase price for the preferred shares is $0.55 per share and the preferred shares are initially convertible into common stock on a one-for-one The post Lightbridge Secures $2.8 Million Preferred Stock Investment at $0.55 per Share, Subject to Closing Conditions appeared first on Public Wire.
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