Company sells 3 million common shares in direct public offering
By Devika Patel
Knoxville, Tenn., Feb. 7 - Armada Water Assets, Inc. priced a $3 million initial direct public offering of stock in a Form S-1 filed Thursday with the Securities and Exchange Commission.
The company will sell 3 million common shares at $1.00 apiece.
Proceeds will be used for equipment, general corporate purposes and working capital.
The Fort Collins, Colo., company was organized as a vehicle to provide water fill services that will provide a high volume of water to be used in connection with oil drilling operations in target markets.
| Issuer: | Armada Water Assets, Inc.
|
| Issue: | Common stock
|
| Amount: | $3 million
|
| Shares: | 3 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Pricing date: | Feb. 7
|
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