The global land investment and development company International Land Alliance Inc (OTCMKTS:ILAL) has come on to the radars of plenty of investors over the course of the past week and the effect has been seen in the price action of its stock. The stock has jumped by 9% over the past week and on top of that, the company also made a key announcement yesterday.
The company announced yesterday that it was successful in closing a private placement with a solitary institutional investors. The placement had been announced by International Land Alliance previously. In this offering, the company offered as many as 3,000,000 shares of its common stock at $0.68 each.
The private placement helped the company in raising as much as $2 million in fresh capital. However, that is not all. In addition to that, the investors was also issued warrants that will entitle them to acquire as many as 3,000,000 common shares in International Land Alliance. The exercise price of those shares has also been set at $0.68 each.
The warrants are going to expire five and half years since the date issuance. In light of the latest development, it is likely that the International Land Alliance stock is going to be in focus among investors in the coming days.
 Stock Moves up This Week: here is Why){kind=link}