Published on 2/19/2008 in the Prospect News PIPE Daily.
New Issue: Organic To Go arranges $10 million private placement of stock
By Devika Patel
Knoxville, Tenn., Feb. 19 - Organic To Go Food Corp. plans to conduct a $10 million private placement of stock.
The company will sell 7,142,857 shares at $1.40 apiece. The company also will issue a five-year warrant to buy 4,285,715 shares, which is exercisable at $2.50 per share.
Seattle-based Organic To Go operates casual restaurants that sell organic food.
| Issuer: | Organic To Go Food Corp.
|
| Issue: | Common shares and one warrant
|
| Amount: | $10 million
|
| Shares: | 7,142,857
|
| Price: | $1.40
|
| Warrants: | For 4,285,715 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $2.50
|
| Pricing date: | Feb. 19
|
| Stock symbol: | OTCBB: OTGO
|
| Stock price: | $1.35 at close Feb. 19
|
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