By Devika Patel
Knoxville, Tenn., Oct. 15 - L&L International Holdings, Inc. settled a $5.35 million private placement of units on Oct. 8, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 1,371,021 units of one common share and 0.6 of a warrant at $3.90 per unit.
Each warrant is exercisable at $5.62 per share for five years.
Laidlaw & Co. (UK) Ltd. was the agent.
L&L is a coal mining company located in Seattle.
| Issuer: | L&L International Holdings, Inc.
|
| Issue: | Units of one common share and 0.6 of a warrant
|
| Amount: | $5,346,980
|
| Units: | 1,371,021
|
| Price: | $3.90
|
| Warrants: | 0.6 of a warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $5.62
|
| Agent: | Laidlaw & Co. (UK) Ltd.
|
| Settlement date: | Oct. 8
|
| Stock symbol: | OTCBB: LLFH
|
| Stock price: | $5.58 at close Oct. 8
|
| Market capitalization: | $127 million
|
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