Deal sells 2,123,260 units of shares, five-year warrants at $0.25 each
By Devika Patel
Knoxville, Tenn., Feb. 4 - Mojo Data Solutions Inc. completed a $530,815 private placement of units on Jan. 31, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 2,123,260 units of one common share and one warrant at $0.25 per unit on best-efforts basis.
Each warrant is exercisable at $0.50 for five years. The strike price is a 117.39% premium to $0.23, the Jan. 30 closing share price.
Joseph Spiteri purchased 600,000 units for $150,000 and Ralph M. Amato purchased 803,260 units for $200,815.
The retailer of premium loose-leaf teas is based in Dorado, Puerto Rico.
| Issuer: | Mojo Data Solutions Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $530,815
|
| Units: | 2,123,260
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.50
|
| Investors: | Joseph Spiteri (for $150,000) and Ralph M. Amato (for $200,815)
|
| Settlement date: | Jan. 31
|
| Stock symbol: | OTCBB: MJDS
|
| Stock price: | $0.23 at close Jan. 30
|
| Market capitalization: | $3.63 million
|
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