Park Vida Group Inc (OTCMKTS:PRKV) Stock In Focus After Private Placement
Real estate development company, Park Vida Group Inc (OTCMKTS:PRKV), on May 9, 2023, announced the launch of a $20 million-dollar private placement. These are Series B Preferred shares for funding the first construction phase of the project in the Dominican Republic.
Trading Data
On Wednesday, PRKV stock ended flat at $0.0100 with more than 12.84K shares, compared to its average volume of 1.45K shares. The stock moved within a range of $0.0100 – 0.0100 after opening trade at $0.0140.
It provides a rare investment opportunity to qualified investors looking to participate in the venture. The private placement would be done through an investment advisory firm, Park Capital Management 2012 Inc, located in Regina, Saskatchewan,andParkVida management, who would offer placement to prospective investors in the United States.
The offering of Series B Preferred shares will give qualified investors an opportunity to participate in ParkVida. Funds raised from the placement will be harnessed for financing different aspects of the project, including title definitions, survey work, architectural designs, permits, construction costs,and marketing amongst other necessary expenses. The firm forecasts significant growth potential aligning with its commitment to creating a sustainable and innovative community.
Doyle Betsill, chief executive officer expressed excitement on announcing the private placement as it marks a huge milestone in its efforts to proceed with the project in the Dominican Republic. The CEO added Parkvida presents a significant opportunity for investors to be part of a transformative venture leveraging the region’s potential for growth and giving attractive returns.
