Company sells units of shares, warrants to investors at $0.50 each
By Devika Patel
Knoxville, Tenn., Jan. 5 - American Energy Fields, Inc. completed a private placement of units on Dec. 29, according to an 8-K filed Wednesday with the Securities and Exchange Commission. It raised $2 million.
The company sold 4 million units of one common share and one warrant at $0.50 apiece.
Each warrant is exercisable at $0.50 for five years.
Apache Junction, Ariz.-based American Energy is a private natural energy resources company.
| Issuer: | American Energy Fields, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $2 million
|
| Units: | 4 million
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.50
|
| Settlement date: | Dec. 29
|
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