New Issue: Lifevantage settles second tranche of $2.4 million common stock sale

By Devika Patel

Knoxville, Tenn., Aug. 7 - Lifevantage Corp. completed a $904,287 second tranche of a $2.4 million private placement of stock on Aug. 5, according to an 8-K filed Friday with the Securities and Exchange Commission. The company raised $1.5 million in the first tranche on June 30.

The company sold 4,285,714 common shares at $0.35 each along with warrants for 857,142 shares in the first tranche. It sold 2,583,668 shares and warrants for 516,724 shares in this tranche.

The warrants will be exercisable at $0.50 for three years.

Greenwood Village, Colo.-based Lifevantage specializes in health products.

Issuer:	Lifevantage Corp.
Issue:	Common stock
Amount:	$2,404,284
Shares:	6,869,382
Price:	$0.35
Warrants:	For 1,373,866 shares
Warrant expiration:	Three years
Warrant strike price:	$0.50
Settlement date:	June 30 (for $1.5 million), Aug. 5 (for $904,287)
Stock symbol:	OTCBB: LFVN
Stock price:	$0.67 at close June 30
Market capitalization:	$22.9 million

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