By Devika Patel
Knoxville, Tenn., June 12 - HearAtLast Holdings, Inc. said it completed a C$1.9 million private placement of series B preferred stock.
The company sold the preferreds at C$10.00 apiece.
The preferreds also have attached two-year warrants to purchase 10 common shares at C$0.50 a share for every preferred held.
HearAtLast, based in Mississauga, Ont., owns and operates hearing stores located within select Wal-Mart stores throughout Canada.
| Issuer: | HearAtLast Holdings, Inc.
|
| Issue: | Series B preferred stock
|
| Amount: | C$1.9 million
|
| Price: | C$10.00
|
| Warrants: | For 10 common shares per preferred
|
| Warrant strike price: | C$0.50
|
| Warrant expiration: | Two years
|
| Settlement date: | June 12
|
| Stock symbol: | Pink Sheets: HRAL
|
| Stock price: | $0.075 at close June 12
|
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