Company sells 3,636,364 common shares at $0.55 per share through deal
By Devika Patel
Knoxville, Tenn., Aug. 6 – Aly Energy Services Inc. completed a $2 million private placement of stock on Aug. 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 3,636,364 common shares at $0.55 per share. The price per share is an 8.33% discount to the Aug. 5 closing share price of $0.60.
The Houston company provides equipment and rig-up services on oil and petroleum well sites.
| Issuer: | Aly Energy Services Inc.
|
| Issue: | Common shares
|
| Amount: | $2 million
|
| Shares: | 3,636,364
|
| Price: | $0.55
|
| Warrants: | No
|
| Announcement date: | Aug. 6
|
| Settlement date: | Aug. 1
|
| Stock symbol: | OTCBB: ALYE
|
| Stock price: | $0.60 at close Aug. 5
|
| Market capitalization: | $61.47 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.
