New Issue: Yoo completes $2.75 million private placement of units

By Devika Patel

Knoxville, Tenn., Jan. 6 - Yoo, Inc. settled a $2.75 million private placement of units on Dec. 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 27.5 units at $100,000 per unit. The units consist of an aggregate of 6,875,000 common shares and warrants for 6,875,000 shares, which are each exercisable at $0.50 for three years.

The company is based in New York and its shares are not currently trading.

Issuer:	Yoo, Inc.
Issue:	Units of common shares and warrants
Amount:	$2.75 million
Units:	27.5
Price:	$100,000
Warrants:	For 6,875,000 shares (total)
Warrant expiration:	Three years
Warrant strike price:	$0.50
Settlement date:	Dec. 30
Stock symbol:	OTCBB: YOOO

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