By Sheri Kasprzak
Atlanta, June 30 - RelationServe Media, Inc. said it has completed a private placement of units for $2 million.
The company sold 20 units at $100,000 each to accredited investors.
The units include 50,000 shares and a warrant for 25,000 shares. Each warrant is exercisable at $3.50 each for three years.
The closing is part of an offering of up to $4 million under the same terms.
Based in Fort Lauderdale, Fla., RelationServe is an e-mail marketing company.
| Issuer: | RelationServe Media, Inc.
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| Issue: | Units of 50,000 shares and 25,000 warrants
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| Amount: | $2 million
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| Units: | 20
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| Price: | $100,000
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| Warrants: | For 25,000 per each unit
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| Warrant expiration: | Three years
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| Warrant strike price: | $3.50
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| Settlement date: | June 30
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| Stock price: | $4.24 at close June 30
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