New Issue: Microfield reveals details about $3.61 million private placement of shares, warrants

By Devika Patel

Knoxville, Tenn., May 13 - Microfield Group, Inc. revealed further details in an 8-K filed Tuesday with the Securities and Exchange Commission about a $3.61 million private placement of stock and warrants, which settled on May 8.

The company sold 9,038,290 common shares at $0.40 per share. Several insiders participated in the deal.

The investors also received 4,519,145 warrants, exercisable at $0.60.

Microfield supplies technologies and services to electricity providers and consumers.

Issuer:	Microfield Group, Inc.
Issue:	Common stock, warrants
Amount:	$3,615,316
Shares:	9,038,290
Price:	$0.40
Warrants:	4,519,145
Warrant strike price:	$0.60
Settlement date:	May 8
Stock symbol:	OTCBB: MICG
Stock price:	$0.44 at close May 7

© 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.