New Issue: Beacon seals $202,000 tranche of $3 million units placement

By Susanna Moon

Chicago, April 3 - Beacon Enterprise Solutions Group, Inc. sold another $202,000 of units on March 30, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

In this tranche, Beacon sold 252,500 units of one common share and one half-share warrant at $0.80 each. Warrants are exercisable at $1.00 per share for five years.

To date, the company has settled 10 tranches of a $3 million placement of units. There is a greenshoe of $450,000, or 562,500 units.

The first tranche settled for $200,000 on Dec. 3 and the second for $145,000 on Dec. 4. The third tranche settled for $275,000 on Dec. 30, and the fourth tranche settled for $200,000 on Jan. 28. The fifth tranche settled for $50,000 on Jan. 30 and the sixth tranche for $100,000 on Feb. 10. The seventh and eighth tranches were completed on March 5 and March 6 for $150,000 and $200,000, respectively. The ninth tranche settled for $265,140 on March 19.

Beacon plans to sell a total of 3.75 million units. The company sold 250,000 units in the first tranche and 181,250 units in the second tranche. It sold 343,750 units in the third tranche and 250,000 units in the fourth tranche. The company sold 62,500 units in the fifth tranche and 125,000 units in the sixth tranche. The seventh tranche consisted of 187,500 units, and the eighth tranche was made up of 250,000 units. The ninth tranche included 331,425 units.

The company has sold 2,233,925 units for a total of $1.79 million.

Beacon is a Louisville, Ky.-based communications company.

Issuer:	Beacon Enterprise Solutions Group, Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	$3 million
Greenshoe:	$450,000, or 562,500 units
Units:	3.75 million
Price:	$0.80
Warrants:	One half-share warrant per unit
Warrant expiration:	Five years
Warrant strike price:	$1.00
Settlement date:	Dec. 3 (for $200,000), Dec. 4 (for $145,000), Dec. 30 (for $275,000), Jan. 28 (for $200,000), Jan. 30 ($50,000), Feb. 10 (for $100,000), March 5 (for $150,000), March 6 (for $200,000), March 19 (for $265,140); March 30 (for $202,000)
Stock symbol:	OTCBB: BEAC
Stock price:	$1.01 at close Dec. 3
Market capitalization:	$7.36 million

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