New Issue: Entheos seals $3.23 million private placement of units

By Devika Patel

Knoxville, Tenn., Aug. 1- Entheos Technologies, Inc. said in an 8-K filed Friday with the Securities and Exchange Commission that it completed a $3.23 million private placement of units on July 28.

The company sold 6.45 million units at $0.50 per unit. Each unit consists of one common share, one series A warrant, exercisable at $0.60 for 18 months, and one series B warrant, exercisable at $0.75 for two years.

Proceeds will be used for working capital.

Vancouver, B.C.-based Entheos is an application service provider, providing real-time, high-volume outsourced e-mail and search engine optimization services.

Issuer:	Entheos Technologies, Inc.
Issue:	Units of one common share, one series A warrant and one series B warrant
Amount:	$3,225,000
Units:	6.45 million
Price:	$0.50
Warrants:	Two warrants per unit
Warrant expiration:	18 months (series A), two years (series B)
Warrant strike price:	$0.60 (series A), $0.75 (series B)
Settlement date:	July 28
Stock symbol:	OTCBB: ETHT
Stock price:	$0.75 at close July 28

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