By Devika Patel
Knoxville, Tenn., Dec. 13 - EnerLume Energy Management Corp. took in $1.095 million in a private placement of units, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 547,500 units at $2.00 apiece. Each unit consists of one common share and one third-share warrant, with each whole warrant exercisable at $2.25 for the later of five years or two years after the shares underlying the warrants are registered for resale.
The broker received a $109,500 sales commission and 109,500 warrants exercisable at $1.75 under the same terms as those warrants sold as part of the offering.
Located in Hamden, Conn., EnerLume Energy, formerly Host America Corp., is an energy services and energy conservation company.
| Issuer: | EnerLume Energy Management Corp.
|
| Issue: | Units of one common share and one third-share warrant
|
| Amount: | $1,095,000
|
| Units: | 547,500
|
| Price: | $2.00
|
| Warrants: | One third-share warrant per unit
|
| Warrant expiration: | The later of five years or two years after the shares underlying the warrants are registered for resale
|
| Warrant strike price: | $2.25
|
| Fees: | $109,500 sales commission, 109,500 warrants
|
| Settlement date: | Dec. 12
|
| Stock symbol: | OTCBB: ENLU
|
| Stock price: | $2.60 at close Dec. 12
|
© 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.
