Thursday, April 11, 2013

Local Corporation Gets $5M In PIPE

Irvine-based Local Corporation, the operator of the network of online, local directory websites, said today that it is in an agreement to raise $5M from The Tail Wind Fund Ltd. The firm said the funding will come in the form of convertible subordinated notes and warrants to purchase common stock. Local Corporation said the new funds go towards general working capital.

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