DNA Brands raises $987,659 through placement of common stock

Deal sells 2,850,187 common shares at roughly $0.35 per share

By Devika Patel

Knoxville, Tenn., Aug. 7 - DNA Brands, Inc. settled a $987,659 private placement of stock on July 31, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 2,850,187 common shares at about $0.35 per share, which is a 118.75% premium to the July 30 closing share price of $0.16.

Based in Boca Raton, Fla., DNA makes energy drinks.

Issuer:	DNA Brands, Inc.
Issue:	Common stock
Amount:	$987,659
Shares:	2,850,187
Price:	$0.35 (approximate)
Warrants:	No
Settlement date:	July 31
Stock symbol:	OTCBB: DNAX
Stock price:	$0.16 at close July 30
Market capitalization:	$7.23 million

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