New Issue: Dussault Apparel settles a $2.215 million placement of units

By LLuvia Mares

New York, Oct. 2 - Dussault Apparel Inc. completed a $2.215 million private placement of units of stock and warrants.

The company issued 2,215,000 units at $1.00 per unit, each consisting of one common share and one share purchase warrant to purchase one additional share at $1.25 at anytime within 24 months of the closing.

The Los Angeles-based Dussault produces clothing apparel.

Issuer: Dussault Apparel Inc.

Issue: Units of one share and one share purchase warrant

Amount: $2.215 million

Units: 2,215,000

Price: $1.00

Warrants: One share purchase warrant

Warrant strike price: $1.25

Warrant expiration: 24 months

Settlement date: Oct. 1

Announcement date: Oct. 2

Stock symbol: OTCBB: DUS

Stock price: $1.19 at close Oct. 1

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