By Laura Lutz
Des Moines, Jan. 4 - American TonerServ Corp. closed two private placements for $2.53 million, according to an 8-K filing with the Securities and Exchange Commission.
In a $2.2 million deal, the company sold 44.05 stock units to 40 accredited investors for $50,000 per unit.
Each stock unit consists of 200,000 common shares and 200,000 redeemable warrants.
American TonerServ also issued 27 stock units in exchange for outstanding notes.
The company also sold 13 note units at $25,000 apiece in a $325,000 deal. Each note unit consists of a $25,000 promissory note and 50,000 redeemable warrants.
Each warrant is exercisable at $0.30 per share.
Based in Santa Rosa, Calif., American TonerServ redistributes printer toner cartridges.
Stock units
Issuer: | American TonerServ Corp.
|
Issue: | Units of 200,000 common shares at 200,0000 redeemable warrants
|
Amount: | $2,202,500
|
Units: | 44.05
|
Price: | $50,000
|
Warrants: | 200,000 per unit
|
Warrant strike price: | $0.30
|
Pricing date: | Dec. 28
|
Stock symbol: | OTCBB: ASVP
|
Stock price: | $0.19 at close Dec. 28
|
|
Note units
|
Stock units
|
Issuer: | American TonerServ Corp.
|
Issue: | Units of $25,000 promissory note at 50,0000 redeemable warrants
|
Amount: | $325,000
|
Units: | 13
|
Price: | $25,000
|
Warrants: | 50,000 per unit
|
Warrant strike price: | $0.30
|
Pricing date: | Dec. 28
|
Stock symbol: | OTCBB: ASVP
|
Stock price: | $0.19 at close Dec. 28
|
© 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.