Naked Brand Group concludes $200,000 private placement of stock, units

Units, shares sold at $0.25 apiece; units include two-year warrants

By Devika Patel

Knoxville, Tenn., Nov. 29 - Naked Brand Group Inc. settled a $200,000 private placement of units and stock on Nov. 26, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 400,000 units of one common share and one warrant at $0.25 per unit. Each warrant is exercisable at $0.50 for two years. The strike price reflects a 61.54% discount to the Nov. 23 closing share price of $1.30.

Naked Brand also sold 400,000 shares at $0.25 per share, an 80.77% discount to the Nov. 23 closing price.

The development-stage company is based in Abbotsford, B.C.

Issuer:	Naked Brand Group Inc.
Issue:	Units of one common share and one warrant, shares
Amount:	$200,000
Price:	$0.25
Settlement date:	Nov. 26
Stock symbol:	OTCBB: NAKD
Stock price:	$1.30 at close Nov. 23
Market capitalization:	$35.11 million
Units
Amount:	$100,000
Units:	400,000
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$0.50
Stock
Amount:	$100,000
Shares:	400,000
Warrants:	No

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.