Deal sells 9 million units of a share, a half-share warrant at $0.33
By Devika Patel
Knoxville, Tenn., March 23 – Alkaline Water Co. Inc. completed a $2.97 million private placement of units on March 4, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 9 million units of one common share and a half-share warrant at $0.33 per unit.
The whole warrants are each exercisable at $0.50 for two years. The strike price is a 58.33% discount to the March 3 closing share price of $1.20.
The water products company is based in Scottsdale, Ariz.
| Issuer: | Alkaline Water Co. Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2.97 million
|
| Units: | 9 million
|
| Price: | $0.33
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.50
|
| Settlement date: | March 4
|
| Stock symbol: | OTCBB: WTER
|
| Stock price: | $1.20 at close March 3
|
| Market capitalization: | $8.29 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.
