Concept Development Partners to invest additional $6.5M in Granite City

theflyonthewall.com

Granite City Food & Brewery has entered into a stock purchase agreement with Concept Development Partners LLC, its controlling shareholder, pursuant to which CDP will invest an additional $6.5M in Granite City in exchange for 3,125,000 shares of Granite City’s common stock. The transaction is expected to close on or before June 26, 2012.

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