New Issue: Tri-Isthmus announces $3.6 million placement of convertibles

By Devika Patel

Knoxville, Tenn., March 31 - Tri-Isthmus Group, Inc. said in a press release that it has raised $3.6 million from a private placement of series 6-A convertible preferred stock and warrants.

The warrants are exercisable at $0.50.

Los Angeles-based Tri-Isthmus invests in companies in the business, health care and energy services sectors.

Issuer:	Tri-Isthmus Group, Inc.
Issue:	Series 6-A convertible preferred stock, warrants
Amount:	$3.6 million
Warrant strike price:	$0.50
Settlement date:	March 31
Stock symbol:	Pink Sheets: TISG
Stock price:	$0.32 at close March 31

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