By Laura Lutz
Des Moines, March 3 - Hartville Group, Inc. arranged a $2.25 million private placement of common stock and warrants, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 1.5 million common shares at $1.50 apiece along with warrants for 750,000 shares.
Each warrant is exercisable at $1.50 per share until March 1, 2013.
Hartville Group is a pet insurance company based in Canton, Ohio.
| Issuer: | Hartville Group, Inc.
|
| Issue: | Common stock
|
| Amount: | $2.25 million
|
| Shares: | 1.5 million
|
| Price: | $1.50
|
| Warrants: | For 750,000 shares
|
| Warrant expiration: | March 1, 2013
|
| Warrant strike price: | $1.50
|
| Pricing date: | Feb. 29
|
| Stock symbol: | OTCBB: HTVL
|
| Stock price: | $1.70 at close Feb. 29
|
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