Especially Yours Golf Tours Inc., a North Hollywood start-up company that wants to sell California golf tours to foreign players, plans an initial public offering of common-stock units that it hopes will raise about $200,000.
In a filing with the Securities and Exchange Commission, the company said it plans to offer 20,000 units that it hopes to price at $10 apiece. Each unit would include two common shares and four warrants entitling holders to buy additional shares at certain prices within a specified time.
Especially Yours Golf Tours would use the proceeds to market the tours and acquire equipment, the SEC filing stated. The offering is being managed by Castle Securities Corp. of Freeport, N. Y.