T.R. Winston assists in selling 1.2 million units at $2.50 apiece
By Devika Patel
Knoxville, Tenn., Feb. 16 - Derycz Scientific, Inc. settled a private placement of units on Feb. 14, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal raised $3 million through agent T.R. Winston & Co., LLC.
The company sold 1.2 million units of one common share and a quarter-share warrant at $2.50 apiece.
The whole warrants are exercisable at $3.00 for three years. The strike price reflects a 1.7% premium to the Feb. 11 closing share price of $2.95.
Based in Santa Monica, Calif., Derycz provides its customers with copies of published content, such as articles from published journals, in either electronic or hard-copy form.
| Issuer: | Derycz Scientific, Inc.
|
| Issue: | Units of one common share and one quarter-share warrant
|
| Amount: | $3 million
|
| Units: | 1.2 million
|
| Price: | $2.50
|
| Warrants: | One quarter-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $3.00
|
| Agent: | T.R. Winston & Co., LLC
|
| Settlement date: | Feb. 14
|
| Stock symbol: | OTCBB: DYSC
|
| Stock price: | $3.12 at close Feb. 14
|
| Market capitalization: | $42.82 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
