By Sheri Kasprzak
New York, Oct. 31 - Amish Naturals, Inc. has settled a private placement of units as part of its merger with FII International Inc.
The company issued 2.9 million units at $0.90 each.
The units are comprised of one share and one half-share warrant. Each full warrant is exercisable at $0.90.
Under the terms of the merger with FII, the former stockholders of Amish Pasta Co., a subsidiary of Amish Naturals, own 60% of the outstanding stock of FII. Before the merger, FII effected a 2.8 for 1 stock split.
FII has since changed its name to Amish Naturals, Inc.
A portion of the proceeds from the placement will be used to repay a note in full and to redeem shares of FII held by a former majority stockholder of that company.
Based in Holmesville, Ohio, Amish Naturals distributes organic Amish food.
| Issuer: | Amish Naturals, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $2.61 million
|
| Units: | 2.9 million
|
| Price: | $0.90
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | $0.90
|
| Settlement date: | Oct. 27
|
| Stock symbol: | OTCBB: AMNT
|
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