By Sheri Kasprzak
New York, June 8 - RG Global Lifestyle, Inc. concluded a $2 million private placement of secured convertible notes.
The 6% notes mature June 6, 2009 and are convertible into common shares at 50% of the lowest three trading prices for the 20 trading days before conversion.
The investors received warrants for 4 million shares, exercisable at $1.10 each through June 6, 2013.
Ascendiant Securities, LLC was the placement agent.
Based in Rancho Santa Margarita, Calif., RG Global produces dietary supplements.
| Issuer: | RG Global Lifestyle, Inc.
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| Issue: | Secured convertible notes
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| Amount: | $2 million
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| Maturity: | June 6, 2009
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| Coupon: | 6%
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| Price: | Par
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| Yield: | 6%
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| Conversion price: | 50% of the lowest three trading prices for the 20 trading days before conversion
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| Warrants: | For 4 million shares
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| Warrant expiration: | June 6, 2013
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| Warrant strike price: | $1.10
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| Settlement date: | June 6
|
| Placement agent: | Ascendiant Securities, LLC
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| Stock symbol: | OTCBB: RGBL
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| Stock price: | $0.99 at close June 6
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