New Issue: Genesis Fluid settles $2.57 million private placement of common shares

By Devika Patel

Knoxville, Tenn., Jan. 5 - Genesis Fluid Solutions Holdings, Inc. settled a $2.57 million private placement of stock on Dec. 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 2,687,500 common shares.

Investors also received warrants for 1,343,750 shares. Each warrant is exercisable at $2.00.

Proceeds will be used for equipment purchases, debt repayment and general working capital.

Genesis is a Colorado Springs, Colo., developer of dewatering technology.

Issuer:	Genesis Fluid Solutions Holdings, Inc.
Issue:	Common stock
Amount:	$2,565,527
Shares:	2,687,500
Warrants:	For 1,343,750 shares
Warrant strike price:	$2.00
Settlement date:	Dec. 29
Stock symbol:	OTCBB: GSFL
Stock price:	$5.10at close Dec. 29
Market capitalization:	$4.9 million

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.