Notes due March 31, 2017 with warrants sold to Shea Ventures
By Devika Patel
Knoxville, Tenn., April 4 - Ironstone Group Inc. settled a $1 million private placement of 8% notes with Shea Ventures, LLC on March 30, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The note matures on March 31, 2017.
The investor also received a three-year warrant for 187,296 shares, which is exercisable at a nominal price.
Ironstone is a San Francisco-based company that is reviewing new business opportunities.
| Issuer: | Ironstone Group Inc.
|
| Issue: | Notes
|
| Amount: | $1 million
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| Maturity: | March 31, 2017
|
| Coupon: | 8%
|
| Warrants: | For 187,296 shares
|
| Investor: | Shea Ventures, LLC
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| Pricing date: | March 30
|
| Stock symbol: | Pink Sheets: IRNS
|
| Stock price: | $0.20 at close April 3
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