Company sells units of shares and two-year warrants at $0.50 per unit
By Devika Patel
Knoxville, Tenn., May 17 - New Media Insight Group, Inc. completed a $550,000 private placement of units on May 16, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 1.1 million units of one common share and one warrant at $0.50 per unit.
Each warrant is exercisable at $1.00 for two years.
The private internet marketing company is based in Kamuela, Hawaii.
| Issuer: | New Media Insight Group, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $550,000
|
| Units: | 1.1 million
|
| Price: | $0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $1.00
|
| Settlement date: | May 16
|
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