New Issue: Vaughan Foods concludes $1.9 million private placement of equity units

By Devika Patel

Knoxville, Tenn., March 2 - Vaughan Foods, Inc. settled a $1.9 million private placement of units on Feb. 24, according to an 8-K filed Tuesday with the Securities and Exchange Commission. Taglich Brothers, Inc. was the agent.

The company sold 951,500 units at $2.00 apiece. Each unit consists of five common shares and two warrants. Each warrant is exercisable at $0.70 for five years.

Moore, Okla.-based Vaughan processes and packages value-added refrigerated foods and distributes the food to customers three or more times per week.

Issuer:	Vaughan Foods, Inc.
Issue:	Units of five common shares and two warrants
Amount:	$1,903,000
Units:	951,500
Price:	$2.00
Warrants:	Two warrants per unit
Warrant expiration:	Five years
Warrant strike price:	$0.70
Agent:	Taglich Brothers, Inc.
Settlement date:	Feb. 24
Stock symbol:	Nasdaq: FOOD
Stock price:	$0.65 at close Feb. 24
Market capitalization:	$2.36 million

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