New Issue: Celsia raises $1.3 million in private placement of convertibles

By Devika Patel

Knoxville, Tenn., Feb. 12 - Celsia Technologies, Inc. completed a private placement of $1.71 million in senior secured convertible debentures on Feb. 6, according to an 8-K filed Thursday with the Securities and Exchange Commission. The notes were sold for $1.3 million, or 76% of their face value.

The debentures mature Dec. 31, 2010. They are convertible at $0.10.

Investors also received warrants for 17,105,257 common shares, which are exercisable at $0.10 until Feb. 6, 2014.

Based in Miami, Celsia develops and licenses thermal-management projects and technologies for the personal computers, consumer electronics, lighting and display sectors.

Issuer:	Celsia Technologies, Inc.
Issue:	Senior secured convertible debentures
Amount:	$1,710,526
Maturity:	Dec. 31, 2010
Price:	76
Conversion price:	$0.10
Warrants:	For 17,105,257 shares
Warrant expiration:	Feb. 6, 2014
Warrant strike price:	$0.10
Settlement date:	Feb. 6
Stock symbol:	OTCBB: CLST
Stock price:	$0.13 at close Feb. 6

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