By Sheri Kasprzak
New York, Dec. 13 - TraceGuard Technologies, Inc. sealed a private placement of units for $1 million.
The company sold 1,428,571 units at $0.70 each.
Each unit is comprised of one share and two warrants. One of the warrants is exercisable at $1.50 each for one year and the other warrant at $2.50 each for three years.
New York-based TraceGuard develops technologies used to trace explosives.
| Issuer: | TraceGuard Technologies, Inc.
|
| Issue: | Units of one share and two warrants
|
| Amount: | $1 million
|
| Units: | 1,428,571
|
| Price: | $0.70
|
| Warrants: | Two warrants per unit
|
| Warrant expiration: | One year for one warrant; three years for one warrant
|
| Warrant strike price: | $1.50 for one-year warrant; $2.50 for three-year warrant
|
| Settlement date: | Dec. 11
|
| Stock symbol: | OTCBB: TCGD
|
| Stock price: | $0.50 at close Dec. 11
|
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