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Peer 1 Announces Private Placement. 2005-03-18, HostMan.biz Internet bandwidth, colocation and Web hosting provider Peer 1 Network (peer1.net) announced this week that it made a private placement of up to 5 million shares priced at $0.28 per common share. Peer 1, which trades on the TSX venture market, says proceeds of the private placement will be used for general working capital requirements. The transaction is subject to regulatory approval. Earlier this month, Peer 1 opened a new data center facility in Virginia to support its acquisition of dedicated server specialist ServerBeach.

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