Published on 10/6/2006 in the Prospect News PIPE Daily.
New Issue: Envirokare Tech completes $4.82 million placement of units
By Sheri Kasprzak
New York, Oct. 6 - Envirokare Tech, Inc. concluded a $4,815,000 private placement.
The company sold 7,642,856 units at $0.63 each.
The units consist of one share and one warrant. The warrants are exercisable at $0.63 each for one year.
New York-based Envirokare Tech develops thermoplastic composite technologies.
| Issuer: | Envirokare Tech, Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $4,815,000
|
| Units: | 7,642,856
|
| Price: | $0.63
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.63
|
| Settlement date: | Oct. 2
|
| Stock symbol: | OTCBB: ENVK
|
| Stock price: | $0.64 at close Oct. 2
|
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