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Strategy First Announces Silverstar Holding?s Commitment for $9 Million Private Placement of Common Stock

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  • Strategy First Announces Silverstar Holding?s Commitment for $9 Million Private Placement of Common Stock

    Strategy First Announces Silverstar Holding?s Commitment for $9 Million Private Placement of Common Stock

    ? Strategy First Inc., a wholly owned subsidiary of Silverstar Holdings, Ltd. (Nasdaq:SSTR) announced that Silverstar has received the binding commitment for a $9 million private placement of common stock and warrants with institutional investors and management. Silverstar sold a total of 6,206,890 shares at $1.45 per share. Investors will also receive five year warrants to purchase approximately 4,344,826 shares of common stock at $2.10 per share. Clive Kabatznik, CEO, and Michael Levy, Chairman, invested in the deal.
    ACG Staffer

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