1 million shares sold at $0.20 to Precept Fund Management through deal
By Devika Patel
Knoxville, Tenn., Jan. 7 – Oakridge Global Energy Solutions, Inc. completed a $200,000 private placement of stock with Precept Fund Management SPC on Jan. 6, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 1 million common shares at 0.20 per share. The price per share reflects a 25% premium to the Jan. 5 closing share price of $0.16.
The Melbourne, Fla., company licenses thin-film, solid-state batteries for industrial, government and medical applications.
| Issuer: | Oakridge Global Energy Solutions, Inc.
|
| Issue: | Common stock
|
| Amount: | $200,000
|
| Shares: | 1 million
|
| Price: | $0.20
|
| Warrants: | No
|
| Investor: | Precept Fund Management SPC
|
| Settlement date: | Jan. 6
|
| Stock symbol: | Amex: TLR
|
| Stock price: | $0.16 at close Jan. 5
|
| Market capitalization: | $10.2 million
|
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