Deal sells 2 million common shares at $0.10 per share, a 400% premium
By Devika Patel
Knoxville, Tenn., Dec. 14 - Arkanova Energy Corp. concluded a $200,000 private placement of stock on Dec. 14, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 2 million common shares at $0.10 per share. The price per share reflects a 400% premium to the Dec. 13 closing share price of C$0.02.
Arkanova is resource exploration company based in The Woodlands, Texas.
| Issuer: | Arkanova Energy Corp.
|
| Issue: | Common stock
|
| Amount: | $200,000
|
| Shares: | 2 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Settlement date: | Dec. 14
|
| Stock symbol: | OTCBB: AKVA
|
| Stock price: | $0.02 at close Dec. 13
|
| Market capitalization: | $1.4 million
|
© 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.
