Published on 6/2/2006 in the Prospect News PIPE Daily.
New Issue: Oxford Media raises $1.5 million from note with warrants
By Sheri Kasprzak
New York, June 2 - Oxford Media, Inc. settled a $1.5 million private placement of notes.
Longview Fund, LP bought the 12% notes, which are due in 180 days.
The notes come with warrants for 450,000 shares, exercisable at $1.50 each for five years.
Located in Irvine, Calif., Oxford Media develops private broadband networks.
| Issuer: | Oxford Media, Inc.
|
| Issue: | Notes
|
| Amount: | $1.5 million
|
| Term: | 180 days
|
| Coupon: | 12%
|
| Price: | Par
|
| Yield: | 12%
|
| Warrants: | For 450,000 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.50
|
| Investor: | Longview Fund, LP
|
| Settlement date: | May 26
|
| Stock symbol: | OTCBB: OXMI
|
| Stock price: | $1.45 at close May 26
|
|
|
© 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.
