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Microcap & Penny Stocks : SEVU: New Invention of Great Potential...
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To: who cares? who wrote (1912)8/18/2001 1:29:15 PM
From: StockDung   of 1992
 
7. PRIVATE PLACEMENT CAPITAL OFFERING

During the six months ended June 30, 2001, 17,042,000 shares of the Company's
restricted common stock were offered for sale through a private placement under
Rule 506 of Regulation D. The placement was open to select officers, employees,
and representatives of the Company for the purchase of common stock. During the
six months ended June 30, 2001 $318,750 was received under stock subscription
agreements. A receivable for subscriptions of the remaining shares of $1,385,450
was recorded as a reduction of equity as of June 30, 2001. Proceeds from the
offering are being used to fund operations of the Company.

GOPHER INC, SEAVIEW UNDERWATER RESEARCH INC, filed this 10-Q on 08/14/2001.
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