Published on 2/10/2009 in the Prospect News PIPE Daily.
New Issue: Ironclad seals $1.51 million private placement of shares
By Devika Patel
Knoxville, Tenn., Feb. 10 - Ironclad Performance Wear Corp. settled a $1.51 million private placement of stock on Thursday, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 30,147,698 common shares at $0.05 per share.
Proceeds will be used for strategic initiatives and general working capital purposes.
Based in El Segundo, Calif., Ironclad produces apparel for industrial workers.
| Issuer: | Ironclad Performance Wear Corp.
|
| Issue: | Common shares
|
| Amount: | $1,507,384.90
|
| Shares: | 30,147,698
|
| Price: | $0.05
|
| Warrants: | No
|
| Settlement date: | Feb. 5
|
| Stock symbol: | OTCBB: ICPW
|
| Stock price: | $0.10 at close Feb. 5
|
| Market capitalization: | $2.97 million
|
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