By Devika Patel
Knoxville, Tenn., March 18 - Laser Energetics, Inc. offered more details on a $12 million private placement of shares that priced Feb. 12.
The company will sell the common shares at $0.139 each to an affiliate of Beryl Wolk.
The investor also will receive warrants for 20 million shares, exercisable at $0.08 per share.
Based in Mercerville, N.J., Laser Energetics develops laser technology.
| Issuer: | Laser Energetics, Inc.
|
| Issue: | Common shares
|
| Amount: | $12 million
|
| Price: | $0.139
|
| Warrants: | For 20 million shares
|
| Warrant strike price: | $0.08
|
| Pricing date: | Feb. 12
|
| Stock symbol: | Pink Sheets: LNGT
|
| Stock price: | $0.032 at close March 18
|
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