By Devika Patel
Knoxville, Tenn., Jan. 28 - Mesa Energy Holdings, Inc. settled a $1.95 million private placement of two-year 10% convertible promissory notes on Jan. 25, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The proceeds have been raised in multiple closings since Aug. 31.
The notes are convertible into common shares at $0.25 each.
Gottbetter Capital Markets, LLC assisted in the placement.
The mining company is based in Los Angeles.
| Issuer: | Mesa Energy Holdings, Inc.
|
| Issue: | Secured convertible promissory notes
|
| Amount: | $1,945,000
|
| Maturity: | Two years
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Conversion price: | $0.25
|
| Warrants: | No
|
| Agent: | Gottbetter Capital Markets, LLC
|
| Settlement date: | Jan. 28
|
| Stock symbol: | OTCBB: MSEH
|
| Stock price: | $1.15 at close Jan. 28
|
| Market capitalization: | $46 million
|
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