By Susanna Moon
Chicago, June 19 - EPOD International Inc. said it closed a $1.6 million debt financing.
The issue pays an annual coupon of 4% and includes 1 million warrants exercisable at $0.30 for two years.
The company's stock (OTC: EPOI) closed at $0.20 Monday.
EPOD is an eco-power utility and electric power systems provider based in Reno, Nev.
Issuer EPOD International Inc.
| Issue: | Debt offering
|
| Amount: | $1.6 million
|
| Coupon: | 4%
|
| Value: | Par
|
| Yield: | 4%
|
| Warrants: | 1 million
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.30
|
| Announcement date: | June 19
|
| Stock symbol: | Pink Sheets: EPOI
|
| Stock price: | $0.20 at close June 18
|
© 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.
