Series A preferreds sold along with three-year warrants in offering
By Devika Patel
Knoxville, Tenn., Sept. 10 - Richfield Oil & Gas Co. settled a $250,000 private placement of its series A preferred stock on Sept. 5, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 250,000 units of one preferred and one warrant at $1.00 per unit.
The warrant is exercisable at $0.37 for three years.
The private oil and gas company is based in Salt Lake City.
| Issuer: | Richfield Oil & Gas Co.
|
| Issue: | Units of one series A preferred share and one warrant
|
| Amount: | $250,000
|
| Units: | 250,000
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.37
|
| Settlement date: | Sept. 5
|
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