By Devika Patel
Knoxville, Tenn., Jan. 11 - Link Resources, Inc. gave further details on a $12 million private placement of units in an 8-K filed Monday with the Securities and Exchange Commission.
The deal settled on Jan. 5.
The company sold 6 million units at $2.00 apiece. Each unit consists of a two-year 8% convertible note and one warrant. Each warrant is exercisable at $2.40 for three years.
Euro Pacific Capital, Inc. was the lead placement agent and Chardan Capital Markets, LLC was co-placement agent.
Based in Calgary, Alta., Link is searching for suitable business opportunities, including a potential merger.
| Issuer: | Link Resources, Inc.
|
| Issue: | Units of one two-year 8% convertible note and one warrant
|
| Amount: | $12 million
|
| Units: | 6 million
|
| Price: | $2.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $2.40
|
| Agents: | Euro Pacific Capital, Inc. (lead), Chardan Capital Markets, LLC
|
| Settlement date: | Jan. 5
|
| Stock symbol: | OTCBB: LNKR
|
| Stock price: | N/A
|
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