Company sells 60,000 shares at $1.00 each, a 455.56% premium, in deal
By Devika Patel
Knoxville, Tenn., June 25 – GASE Energy, Inc., formerly Great East Energy Inc., settled a $60,000 private placement of stock on June 19, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 60,000 common shares at $1.00 per share. The price per share is a 455.56% premium to the closing share price on June 18, $0.18.
GASE Energy is a producing, development-stage company targeting natural gas production in Ukraine.
| Issuer: | GASE Energy Inc.
|
| Issue: | Common stock
|
| Amount: | $60,000
|
| Shares: | 60,000
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | June 19
|
| Stock symbol: | OTCBB: GASE
|
| Stock price: | $0.18 at close June 18
|
| Market capitalization: | $7.81 million
|
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