Prime Global Capital Group Inc. announced that it has received $11.98 million in funding.
On the same day the company issued 2,652,000 common shares in its first tranche.
On October 18, 2012, Prime Global Capital Group Inc. closed the transaction. The company issued 2,340,000 shares for gross proceeds of $5,616,000 in its second tranche. D. Weng Kung Wong, Chief Executive Officer and Director of the company subscribed for 1,860,000 shares. The company raised net proceeds of $5,610,000 in its second tranche.