Novint Technologies settles $1.25 million private placement of units

Common shares, five-year half-share warrants sold at $0.07 per unit

By Devika Patel

Knoxville, Tenn., April 11 - Novint Technologies, Inc. completed a $1.25 million private placement of units on March 31, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company sold 17,880,571 units of one common share and one half-share warrant at $0.07 per unit to Shannon Vissman and Ryan Christoff.

Of the five-year warrants, 1,109,285 are exercisable at $0.07, 7,550,000 are exercisable at $0.10 and the remaining 281,000 are exercisable at $0.20. The strike prices are a 22.22% discount and 11.11% and 122.22% premiums to the March 30 closing share price of $0.09.

Based in Albuquerque, Novint develops 3-D computing technologies.

Issuer:	Novint Technologies, Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	$1,251,640
Units:	17,880,571
Price:	$0.07
Warrants:	One half-share warrant per unit
Warrant expiration:	Five years
Warrant strike prices:	$0.07 (for 1,109,285 warrants), $0.10 (for 7,550,000 warrants), $0.20 (for 281,000 warrants)
Investors:	Shannon Vissman and Ryan Christoff
Settlement date:	March 31
Stock symbol:	Pink Sheets: NVNT
Stock price:	$0.06 at close March 31
Market capitalization:	$3.97 million

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