Small Business Development Group, Inc. (OTCPK:VRNI) announced a private placement of series A preferred stock for gross proceeds of up to $15 million on February 6, 2014. The company will issue securities pursuant to exemption provided under Regulation D. Board of directors of the company has approved the transaction. The transaction will close in next 60-90 days.
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- Small Business Development Group, Inc. announced that it expects to receive $15 million in funding.