New Issue: Octillion completes $3.68 million private placement of shares, warrants

By Devika Patel

Knoxville, Tenn., Feb. 13 - Octillion Corp. settled a private placement of stock and warrants for $3.68 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 3,675,000 shares at $1.00 apiece and warrants for 3,675,000 shares on Feb. 8.

Each warrant is exercisable at $1.25 for three years.

Westminster Securities Corp. and Palladium Capital Advisors, LLC were the placement agents.

Auburn Hills, Mich.-based Octillion is a technology incubator focused on the identification, acquisition, development and eventual commercialization of emerging technologies.

Issuer:	Octillion Corp.
Issue:	Stock with warrants
Amount:	$3,675,000
Shares:	3,675,000
Price:	$1.00
Warrants:	For 3,675,000 shares
Warrant expiration:	Three years
Warrant strike price:	$1.25
Agent:	Westminster Securities Corp., Palladium Capital Advisors, LLC
Settlement date:	Feb. 8
Stock symbol:	OTCBB: OCTL
Stock price:	$1.66 at close Feb.8

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