Old Line Bancshares Inc Announces Completion Of Private Placement
Old Line Bancshares, Inc, the parent company of Old Line Bank announced that it has completed the sale of 925,079 shares of its common stock at a price of $13.00 per share to accredited investors. Old Line Bancshares, Inc. has received proceeds of approximately $12.0 million after expenses as a result of the private placement. Old Line Bancshares, Inc. intends to use the proceeds of the offering for additional working capital and other general corporate purposes.
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