Published on 5/2/2008 in the Prospect News PIPE Daily.
New Issue: Dussault completes $1.28 million private placement of units
By Devika Patel
Knoxville, Tenn., May 2 - Dussault Apparel Inc. raised $1.28 million in a private placement of units on April 28, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 1,275,000 units of one common share and one warrant at $1.00 apiece. The warrants are exercisable at $1.25 for two years.
Dussault is a Los Angeles-based clothing company.
| Issuer: | Dussault Apparel Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $1,275,000
|
| Units: | 1,275,000
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.25
|
| Settlement date: | April 28
|
| Stock symbol: | OTCBB: DUSS
|
| Stock price: | $0.75 at close April 28
|
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