Company sells 1,562,500 common shares at $3.20 per share in offering
By Devika Patel
Knoxville, Tenn., Aug. 17 – Aly Energy Services, Inc. arranged a $5 million private placement of stock on June 24, according to an 8-K filed Monday with the Securities and Exchange Commission. It must raise at least $3 million.
The company will sell 1,562,500 common shares at $3.20 apiece.
Settlement is expected Sept. 15.
The Houston company provides equipment and rig-up services on oil and petroleum well sites.
| Issuer: | Aly Energy Services, Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million (minimum), $5 million
|
| Shares: | 1,562,500
|
| Price: | $3.20
|
| Warrants: | No
|
| Pricing date: | June 24
|
| Settlement date: | Sept. 15
|
| Stock symbol: | OTCBB: ALYE
|
| Stock price: | $0.24 at close June 23
|
| Market capitalization: | $11.32 million
|
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