New Issue: ROO Group details $15.5 million private placement of stock

By Sheri Kasprzak

New York, Nov. 20 - ROO Group, Inc. revealed the details of its previously announced $15.5 million private placement.

The company issued 8,378,377 shares at $1.85 each. The investors, which included 003 Asset Management LLC, Ashford Capital Management and Tudor Investment Corp., also received warrants for 2,513,513 shares, exercisable at $3.00 each for five years.

Merriman Curhan Ford & Co. and Brimberg & Co. were the placement agents.

New York-based ROO develops internet video content.

Issuer:	ROO Group, Inc.
Issue:	Stock
Amount:	$15.5 million
Shares:	8,378,377
Price:	$1.85
Warrants:	For 2,513,513 shares
Warrant expiration:	Five years
Warrant strike price:	$3.00
Placement agents:	Merriman Curhan Ford & Co. and Brimberg & Co.
Investors:	003 Asset Management LLC, Ashford Capital Management and Tudor Investment Corp.
Settlement date:	Nov. 14
Stock symbol:	OTCBB: RGRP
Stock price:	$2.74 at close Nov. 14

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