Company sells units of shares, a five-year warrant at $0.60 per unit
By Devika Patel
Knoxville, Tenn., Jan. 21 – Rubicon Financial Inc. completed a $162,700 private placement of units on Dec. 30, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 271,167 units of two common shares and one warrant at $0.60 per unit.
Each five-year warrant is exercisable at $0.50. The strike price is a 150% premium to the Dec. 29 closing share price of $0.20.
Based in Irvine, Calif., Rubicon Financial is a holding company.
| Issuer: | Rubicon Financial Inc.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $162,700
|
| Units: | 271,167
|
| Price: | $0.60
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.50
|
| Settlement date: | Dec. 30
|
| Stock symbol: | OTCBB: RBCF
|
| Stock price: | $0.20 at close Dec. 29
|
| Market capitalization: | $6.86 million
|
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