By Devika Patel
Knoxville, Tenn., Feb. 26 - KL Energy Corp. completed a $4 million private placement of stock on Feb. 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 18,181,818 common shares.
Proceeds will be used to pay certain loan obligations and for general working capital purposes.
Based in Rapid City, S.D., KL Energy is focused on providing a non-surgical, non-chemical solution for wrinkling and aging skin.
| Issuer: | KL Energy Corp.
|
| Issue: | Common stock
|
| Amount: | $4 million
|
| Shares: | 18,181,818
|
| Warrants: | No
|
| Settlement date: | Feb. 24
|
| Stock symbol: | OTCBB: KLEGE
|
| Stock price: | $1.60 at close Feb. 24
|
| Market capitalization: | $25 million
|
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