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Published on 3/26/2013 in the Prospect News PIPE Daily.

Bioshaft Water Technology settles $237,450 private placement of stock

Company sells 1,583,000 of its common shares at $0.15 per share

By Devika Patel

Knoxville, Tenn., March 26 - Bioshaft Water Technology, Inc. completed a $237,450 private placement of stock on March 22, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 1,583,000 common shares at $0.15 per share, which is a 66.67% premium to the March 21 closing share price of $0.09.

The Lake Forest, Calif., company treats industrial and domestic waste water.

Issuer:Bioshaft Water Technology, Inc.
Issue:Common shares
Amount:$237,450
Shares:1,583,000
Price:$0.15
Warrants:No
Settlement date:March 22
Stock symbol:OTCBB: BSHF
Stock price:$0.09 at close March 21
Market capitalization:$7.31 million

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