Kodiak commits to purchase common shares to fund corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 2 - Kallo Inc. arranged a $2 million common stock purchase agreement with Kodiak Capital Group, LLC on Oct. 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
Proceeds will be used to gear up for production and servicing of deliverables and for general corporate purposes.
Kallo is a software developer in Markham, Ont.
| Issuer: | Kallo Inc.
|
| Issue: | Common stock purchase agreement
|
| Amount: | $2 million
|
| Warrants: | No
|
| Investor: | Kodiak Capital Group, LLC
|
| Pricing date: | Oct. 1
|
| Stock symbol: | OTCBB: KALO
|
| Stock price: | $0.03 at close Sept. 28
|
| Market capitalization: | $4.3 million
|
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