Wound Management plans $2.4 million private placement of preferreds

Offering will settle in three tranches on Dec. 30, Jan. 10 and Feb. 28

By Devika Patel

Knoxville, Tenn., Dec. 19 - Wound Management Technologies, Inc. negotiated a $2.4 million private placement of series C convertible preferred stock on Dec. 18, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company will sell 34,287 preferreds at $70.00 apiece.

Ed Rahn will buy 1,429 preferreds for $100,000 by Dec. 30, 2013; Gee Vanderbur will buy 2,857 preferreds for $200,000 by Dec. 30; Kate McKnight will buy 714 preferreds for $50,000 by Dec. 30; Jim Stuckert will buy 14,286 preferreds for $1 million by Jan. 10; Denny Howell will buy 7,143 preferreds for $500,000 by Jan. 10; THS, Inc. will buy 2,858 preferreds for $200,000 by Feb. 28; Undiscovered Equities, Inc. will buy 3,571 preferreds for $250,000 by Feb. 28; and Kate McKnight will buy 1,429 preferreds for $100,000 by Feb. 28.

Based in Fort Worth, Wound Management Technologies makes advanced wound care products.

Issuer:	Wound Management Technologies, Inc.
Issue:	Series C convertible preferred stock
Amount:	$2.4 million
Preferreds:	34,287
Price:	$70.00
Warrants:	No
Investors:	Ed Rahn (for $100,000); Gee Vanderbur (for $200,000); Kate McKnight (for $150,000); Jim Stuckert (for $1 million); Denny Howell (for $500,000); THS, Inc. (for $200,000); Undiscovered Equities, Inc. (for $250,000)
Pricing date:	Dec. 18
Settlement dates:	Dec. 30 (for $350,000), Jan. 10 (for $1.5 million), Feb. 28 (for $550,000)
Stock symbol:	OTCBB: WNDM
Stock price:	$0.08 at close Dec. 17
Market capitalization:	$6.36 million

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