Offering sells units of one share and 1.5 warrants at $0.40 per unit
By Devika Patel
Knoxville, Tenn., June 5 - Alkaline Water Co. Inc. settled a $525,000 non-brokered private placement of units with Bank Gutenberg AG on May 31, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 1,312,500 units of one common share and 1.5 warrants at $0.40 per unit.
The first full warrant is exercisable at $0.50 for two years and the second half-share warrant is exercisable at $0.60 for two years. The strike prices reflect 75% and 70% discounts, respectively, to the June 4 closing share price of $2.00.
The water products company is based in Scottsdale, Ariz.
| Issuer: | Alkaline Water Co. Inc.
|
| Issue: | Units of one common share and 1.5 warrants
|
| Amount: | $525,000
|
| Units: | 1,312,500
|
| Price: | $0.40
|
| Warrants: | 1.5 warrants per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.50, $0.60
|
| Agent: | Non-brokered
|
| Investor: | Bank Gutenberg AG
|
| Settlement date: | May 31
|
| Stock symbol: | OTCBB: GAEND
|
| Stock price: | $2.00 at close on June 4
|
| Market capitalization: | $100.89 million
|
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