By Sheri Kasprzak
New York, April 17 - Noble House Entertainment Inc. has settled a $1 million private placement with Crystal Star Productions Ltd. as part of a production agreement between the two.
Crystal Star bought 2 million units of one share and one half-share warrant. Each whole warrant is exercisable at $0.65 each for two years.
Under the production agreement, Noble House and Crystal Star agreed to jointly develop, finance and produce a certain number of films with production of the first scheduled to begin in the fall of 2006.
Proceeds from the PIPE will be used for production of the joint film projects.
Based in Toronto, Noble House develops and produces films, television series, television movies and non-fiction programming.
Issuer: | Noble House Entertainment Inc.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | $1 million
|
Units: | 2 million
|
Price: | $0.50
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | $0.65
|
Investor: | Crystal Star Productions Ltd.
|
Settlement date: | April 17
|
Stock symbol: | OTCBB: NHSEF
|
Stock price: | $0.85 at close April 17
|
|
© 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.