By Sheri Kasprzak
New York, Sept. 9 - Ovation Products Corp. said it has finished a private placement for $2,199,000.
The company sold 439,800 shares at $5.00 each to investors, including GreenShift Corp.
The investors in the offering also received warrants for 879,600 shares, exercisable at $6.00 each for five years.
The company sold 43,000 shares and warrants for 86,000 shares in exchange for the cancellation of debt to various buyers of these shares for a total of $215,000.
Based in Nashua, N.H., Ovation produces water-purification technologies.
| Issuer: | Ovation Products Corp.
|
| Issue: | Stock
|
| Amount: | $2,199,000
|
| Shares: | 439,800
|
| Price: | $5.00
|
| Warrants: | For 879,600 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $6.00
|
| Investors: | GreenShift Corp., others
|
| Settlement date: | Sept. 2
|
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