Published on 8/4/2015 in the Prospect News PIPE Daily.
KSIX Media Holdings wraps $300,064 private placement of common shares
Company sells 3,717,620 shares at $0.080714 apiece to Sidney Lorio Jr.
By Devika Patel
Knoxville, Tenn., Aug. 4 – KSIX Media Holdings Inc. completed a $300,064 private placement of stock with Sidney J. Lorio Jr., according to an 8-K filed Tuesday with the Securities and Exchange Commission. It raised $75,064 on May 18, $85,000 on June 4 and $140,000 on June 16.
The company sold 3,717,620 common shares at $0.080714 per share. It sold 930,000 shares in the first tranche, 1,053,100 shares in the second tranche and 1,734,520 shares in the third tranche. The price per share is a 76.94% discount to the May 15 closing share price of $0.35.
The Henderson, Nev., company operates an advertising network.
Issuer: | KSIX Media Holdings Inc.
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Issue: | Common stock
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Amount: | $300,064
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Shares: | 3,717,620
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Price: | $0.080714
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Warrants: | No
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Investor: | Sidney J. Lorio Jr.
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Settlement date: | May 18 (for $75,064), June 4 (for $85,000), June 16 (for $140,000)
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Stock symbol: | OTCBB: KSIX
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Stock price: | $0.35 at close May 15
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Market capitalization: | $593,290
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