Published on 9/17/2008 in the Prospect News PIPE Daily.
New Issue: Volcan concludes $1.27 million private placement of units
By Devika Patel
Knoxville, Tenn., Sept. 17 - Volcan Holdings, Inc. completed a $1.27 million private placement of units, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 36.3143 units at $35,000.00 apiece. The units consist of an aggregate of 3,631,428 common shares and warrants for 3,631,428 shares.
Each warrant is exercisable at $1.00 for five years.
Volcan is a private company based in Lake Country, B.C.
| Issuer: | Volcan Holdings, Inc.
|
| Issue: | Units of 3,631,428 common shares and warrants for 3,631,428 shares
|
| Amount: | $1,271,000
|
| Units: | 36.3143
|
| Price: | $35,000.00
|
| Warrants: | For 3,631,428 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $1.00
|
| Settlement date: | Sept. 12
|
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