By Sheri Kasprzak
Atlanta, Feb. 15 - Electric Aquagenics Unlimited, Inc. said it has raised $1,589,000 in a private placement.
The company sold 454,000 shares at $3.50 each to accredited investors.
Electric Aquagenics said it hopes to eventually raise up to $2,975,000 in the private placement, which calls for the sale of up to 850,000 shares.
Nexcore Capital, Inc. is the placement agent.
Electric Aquagenics, based in Lindon, Utah, produces water-based solutions for cleaning, disinfecting, hydrating and moisturizing.
| Issuer: | Electric Aquagenics Unlimited, Inc.
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| Issue: | Stock
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| Amount: | $1,589,000
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| Shares: | 454,000 |
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| Price: | $3.50
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| Warrants: | No
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| Placement agent: | Nexcore Capital, Inc.
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| Settlement date: | Feb. 10 |
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| Stock price: | $5.50 at close Feb. 10
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