By Sheri Kasprzak
New York, Dec. 22 - HealthSport, Inc. settled a $1 million private placement of its stock.
The company issued 1 million shares in the deal.
The offering had originally called for the sale of up to 1.5 million shares. The placement has been ongoing since Oct. 15.
Proceeds will be used to launch the company's first product, Enlyten Sports Strips, at the beginning of 2007.
Based in Tulsa, Okla., HealthSport develops electrolyte replacement strips for athletes and people who exercise.
| Issuer: | HealthSport, Inc.
|
| Issue: | Stock
|
| Amount: | $1 million
|
| Shares: | 1 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | Dec. 22
|
| Stock symbol: | OTCBB: HSPO
|
| Stock price: | $2.20 at close Dec. 22
|
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