New Issue: Oasis sells $200,000 note in second tranche of private placement

By Devika Patel

Knoxville, Tenn., Jan. 14 - Oasis Online Technologies Corp. settled a $200,000 second tranche of a $1.2 million private placement on Dec. 31, according to an 8-K filed Thursday with the Securities and Exchange Commission. It raised about $252,000 by selling stock in the initial tranche on Nov. 14, the pricing date.

The first tranche consisted of common shares, which were sold at an average price of $0.143. The second tranche was comprised of a promissory note, which will be payable in 12 monthly installments beginning on Feb. 1.

Proceeds will be used for general working capital purposes.

Oasis is based in Mesa, Ariz.

Issuer:	Oasis Online Technologies Corp.
Issue:	Common shares, promissory note
Amount:	$1.2 million
Warrants:	No
Pricing date:	Nov. 14
Settlement date:	Nov. 14 (for about $252,000), Dec. 31 (for $200,000)
Stock symbol:	OTCBB: OOLN
Stock price:	$0.12 at close Nov. 14
Market capitalization:	$539,000
Shares
Price:	$0.143 (average)
Note
Maturity:	Feb. 1, 2010

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