Published on 11/18/2009 in the Prospect News PIPE Daily.
New Issue: Mesa Energy Holdings sells $1.2 million of convertibles in placement
By Devika Patel
Knoxville, Tenn., Nov. 18 - Mesa Energy Holdings, Inc. settled a $1.2 million private placement of two-year 10% convertible promissory notes on Nov. 13, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The notes are convertible into common shares at $0.25 each.
The mining company is based in Los Angeles.
| Issuer: | Mesa Energy Holdings, Inc.
|
| Issue: | Secured convertible promissory notes
|
| Amount: | $1.2 million
|
| Maturity: | Two years
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Conversion price: | $0.25
|
| Warrants: | No
|
| Settlement date: | Nov. 13
|
| Stock symbol: | Pink Sheets: MSEG
|
| Stock price: | $0.30 at close Nov. 13
|
| Market capitalization: | $11.7 million
|
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