Investors also receive three-year warrants for 333,332 common shares
By Devika Patel
Knoxville, Tenn., June 22 – GreenPlex Services, Inc. completed a $100,000 private placement of stock on June 12 and June 19, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced on May 10.
The company sold 666,666 common shares at $0.15 per share. The price per share is a 150% premium to $0.06, the June 11 closing share price.
The investors also received warrants for 333,332 shares, which are each exercisable at $0.40 for three years. The strike price is a 566.67% premium to the June 11 closing share price.
Based in Hayden, Idaho, GreenPlex provides commercial, industrial and residential property and landscape services.
| Issuer: | GreenPlex Services, Inc.
|
| Issue: | Common stock
|
| Amount: | $100,000
|
| Shares: | 666,666
|
| Price: | $0.15
|
| Warrants: | For 333,332 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.40
|
| Pricing date: | May 10
|
| Settlement dates: | June 12 and June 19
|
| Stock symbol: | OTCBB: GRPX
|
| Stock price: | $0.06 at close June 11
|
| Market capitalization: | $5.7 million
|
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