Gold explorer sells 150,000 units of shares, warrants at $0.20 apiece
By Devika Patel
Knoxville, Tenn., Jan. 14 – Medicus Homecare Inc. completed a $30,000 private placement of units with Leon Nowek on Jan. 11, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 150,000 units of one common share and one warrant at $0.20 per unit.
Each warrant is exercisable at $0.30 for two years. The strike price is a 7.14% premium to $0.28, the Jan. 8 closing share price.
The Stuttgart, Germany, company provides medical in-home care services in Germany.
| Issuer: | Medicus Homecare Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $30,000
|
| Units: | 150,000
|
| Price: | $0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.30
|
| Investor: | Leon Nowek
|
| Settlement date: | Jan. 11
|
| Stock symbol: | OTCBB: MDCRE
|
| Stock price: | $0.28 at close Jan. 8
|
| Market capitalization: | $18.93 million
|
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