Dickie Walker Marine obtains private placement financing

OCEANSIDE, Calif. – Dickie Walker Marine, Inc. (DWMA) has sold 9 units, each consisting of 9,375 shares of common stock, one $12,500 promissory note, with interest payable at 8 percent per annum over a three-year term, and 5,000 30-month warrants to purchase common stock at $2.10 per share, it reported in a statement today. These securities were sold in a private placement offering. Total gross proceeds were $225,000.

Gross proceeds from the private placement offerings closed in July and August totaled $825,000.

Dickie Walker Marine, Inc. designs and markets nautically-inspired apparel, gifts and decorative items.

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