Published on 12/8/2006 in the Prospect News PIPE Daily.
New Issue: Nathaniel Energy pockets $7.5 million from stock sale
By Sheri Kasprzak
New York, Dec. 8 - Nathaniel Energy Corp. sealed a private placement of stock with Bailey-Jamar, LLC for $7,501,929.
The investors bought 56,618,333 shares at $0.1325 each. The price per share is a 120% premium to the company's $0.06 closing stock price on Wednesday.
Proceeds will be used for projects and for working capital.
Based in Englewood, Colo., Nathaniel Energy converts hydrocarbons to energy.
| Issuer: | Nathaniel Energy Corp.
|
| Issue: | Stock
|
| Amount: | $7,501,929
|
| Shares: | 56,618,333
|
| Price: | $0.1325
|
| Warrants: | No
|
| Investor: | Bailey-Jamar, LLC
|
| Settlement date: | Dec. 6
|
| Stock symbol: | OTCBB: NECX
|
| Stock price: | $0.06 at close Dec. 6
|
| Stock price: | $0.064 at close Dec. 8
|
© 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.
