1 million units of a common share, one warrant sold at $0.50 per unit
By Devika Patel
Knoxville, Tenn., Nov. 18 – EuroSite Power Inc. settled a $500,000 private placement of units on Nov. 12, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1 million units of one common share and one warrant at $0.50 per unit.
Each warrant is exercisable at $0.60 for three years. The strike price is a 17.65% premium to $0.51, the Nov. 11 closing share price.
The London company distributes, owns and operates clean, on-site energy systems that produce electricity, hot water, heat and cooling in the United Kingdom and Europe.
| Issuer: | EuroSite Power Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $500,000
|
| Units: | 1 million
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.60
|
| Settlement date: | Nov. 12
|
| Stock symbol: | OTCBB: EUSP
|
| Stock price: | $0.51 at close Nov. 11
|
| Market capitalization: | $28.94 million
|
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