New Issue: Flagship Global Health completes $14.98 million stock offering

By Sheri Kasprzak

New York, July 23 - Flagship Global Health, Inc. concluded a $14,980,367 private placement.

The company sold 6,809,258 shares at $2.20 each to FrontPoint Healthcare Fund, LP; FrontPoint Healthcare Fund 2X, LP; FrontPoint Healthcare Horizons Fund, LP; and FrontPoint Healthcare Long Horizons Fund, LP.

The investors also received warrants for 2,042,777 shares, exercisable at $3.00 each for three years.

Flagship, based in New York, is a membership-only health care advocacy company.

Issuer:	Flagship Global Health, Inc.
Issue:	Stock
Amount:	$14,980,367
Shares:	6,809,258
Price:	$2.20
Warrants:	For 2,042,777 shares
Warrant expiration:	Three years
Warrant strike price:	$3.00
Investors:	FrontPoint Healthcare Fund, LP; FrontPoint Healthcare Fund 2X, LP; FrontPoint Healthcare Horizons Fund, LP; and FrontPoint Healthcare Long Horizons Fund, LP
Settlement date:	July 17
Stock symbol:	OTCBB: FGHH
Stock price:	$1.95 at close July 18

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