New Issue: Health Benefits Direct closes $1.1 million private placement of units

By Sheri Kasprzak

New York, Dec. 8 - Health Benefits Direct, Inc. said it has completed a private placement for $1.1 million.

The company issued 22 units at $50,000 each to a group of accredited investors.

The units include 50,000 shares and a warrant for 25,000 shares, exercisable at $1.50 each for three years.

Keystone Equities Group, Inc. was the placement agent.

Based in Pompano Beach, Fla., Health Benefits Direct is a health insurance company.

Issuer:	Health Benefits Direct, Inc.
Issue:	Units of 50,000 shares and 25,000 warrants
Amount:	$1.1 million
Units:	22
Price:	$50,000
Warrants:	One warrant for 25,000 shares per unit
Warrant expiration:	Three years
Warrant strike price:	$1.50
Placement agent:	Keystone Equities Group, Inc.
Settlement date:	Dec. 2

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