By Sheri Kasprzak
New York, Aug. 4 - WinWin Gaming Inc. said it has completed a private placement of stock for $1.52 million.
The company sold 3.04 million shares at $0.50 each to the Van Wagoner Private Opportunities Fund LP and 21 accredited investors.
The investors also received warrants equal to 3% of the shares purchased. The warrants are exercisable at $0.50 each for five years. The warrants are only exercisable in months that the company does not have an effective registration statement covering the underlying shares. The registration statement must be declared effective by Aug. 31.
Based in Las Vegas, WinWin is a gaming company.
| Issuer: | WinWin Gaming Inc.
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| Issue: | Stock
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| Amount: | $1.52 million
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| Shares: | 3.04 million
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| Price: | $0.50
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| Warrants: | Equal to 3% of shares issued in the offering, exercisable only when a registration statement is not effective
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| Warrant expiration: | Five years
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| Warrant strike price: | $0.50
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| Settlement date: | Aug. 2
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| Stock price: | $0.90 at close Aug. 2
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