By Sheri Kasprzak
New York, July 31 - Healthbridge, Inc. completed a private placement for $3,994,170.
The company sold 665,695 units at $6.00 each.
The units consist of 10 shares and warrants for five shares. Each warrant is exercisable at $1.00 for three years.
Proceeds from the deal will be used to acquire Providence Exploration, LLC.
The units were sold in a period from April 20 through July 21.
Based in Vancouver, B.C., Healthbridge is a shell company but is in the process of acquiring Providence Exploration in the hopes of becoming an oil and natural gas exploration company.
| Issuer: | Healthbridge, Inc.
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| Issue: | Units of 10 shares and warrants for five shares
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| Amount: | $3,994,170
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| Units: | 665,695
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| Price: | $6.00
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| Warrants: | For five shares per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | $1.00
|
| Settlement date: | July 21
|
| Stock symbol: | OTCBB: HHBR
|
| Stock price: | $1.28 at close July 28
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