By Sheri Kasprzak
New York, Dec. 6 - Electric Aquagenics Unlimited Inc. said it has settled a private placement of units for $3,087,750.
The company issued 876,500 units to accredited investors.
The units are comprised of one share and one half-share warrant. The whole warrants allow for another share at $3.17 each through Dec. 31, 2010.
Electric Aquagenics intended to sell 1 million units in the deal.
Nexcore Capital Inc. was the placement agent for the offering.
Proceeds will be used for working capital.
Electric Aquagenics, based in Lindon, Utah, produces water-based solutions for cleaning, disinfecting, hydrating and moisturizing.
| Issuer: | Electric Aquagenics Unlimited Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $3,087,750
|
| Units: | 876,500
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 31, 2010
|
| Warrant strike price: | $3.17
|
| Placement agent: | Nexcore Capital Inc.
|
| Settlement date: | Dec. 5
|
| Stock price: | $2.52 at close Dec. 5
|
|
|
© 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.
