New Issue: Drinks Americas Holdings closes $8 million stock sale

By Sheri Kasprzak

New York, Jan. 31 - Drinks Americas Holdings, Inc. sealed an $8 million private placement.

The company issued 4,444,444 shares at $1.80 each to five investors.

The investors received warrants for 3,777,778 shares exercisable at $3.00 each for five years.

Midtown Partners & Co., LLC was the placement agent.

Located in Wilton, Conn., Drinks Americas distributes alcoholic and non-alcoholic beverages.

Issuer:	Drinks Americas Holdings, Inc.
Issue:	Stock
Amount:	$8 million
Shares:	4,444,444
Price:	$1.80
Warrants:	For 3,777,778 shares
Warrant expiration:	Five years
Warrant strike price:	$3.00
Placement agent:	Midtown Partners & Co., LLC
Settlement date:	Jan. 30
Stock symbol:	OTCBB: DKAM
Stock price:	$3.01 at close Jan. 30
Stock price:	$3.26 at close Jan. 31

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