Company sells common shares at $0.08 apiece through agent Wunderlich
By Devika Patel
Knoxville, Tenn., April 23 - Gulf United Energy, Inc. completed a $7.06 million private placement of shares on April 19 and April 20, according to an 8-K filed Monday with the Securities and Exchange Commission.
Gulf United sold 88.25 million common shares at $0.08 apiece, a 27.27% discount to the April 18 closing share price of $0.11.
Wunderlich Securities, Inc. was the agent.
The natural gas company is based in Houston.
| Issuer: | Gulf United Energy, Inc.
|
| Issue: | Common shares
|
| Amount: | $7.06 million
|
| Shares: | 88.25 million
|
| Price: | $0.08
|
| Warrants: | No
|
| Agent: | Wunderlich Securities, Inc.
|
| Settlement dates: | April 19, April 20
|
| Stock symbol: | OTCBB: GLFE
|
| Stock price: | $0.11 at close April 18
|
| Market capitalization: | $46.03 million
|
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