Published on 11/2/2006 in the Prospect News PIPE Daily.
New Issue: Electric Aquagenics secures $3 million from stock placement
By Laura Lutz
Des Moines, Nov. 2 - Electric Aquagenics Unlimited, Inc. negotiated a private placement of stock for $2,999,999.60.
Peter F. Ullrich, a shareholder of the company, agreed to purchase 2,307,692 shares for $1.30 each.
The sale of 1,153,846 of the shares was settled on Oct. 27, and Ullrich will purchase the remaining shares on Jan. 2.
Lindon, Utah-based Electric Aquagenics manufactures water electrolysis equipment.
Issuer: | Electric Aquagenics Unlimited, Inc.
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Issue: | Stock
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Amount: | $2,999,999.60
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Shares: | 2,307,692
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Price: | $1.30
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Warrants: | No
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Investor: | Peter F. Ullrich
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Settlement date: | Oct. 27 (for 1,153,846 shares); Jan. 2 (for 1,153,846 shares)
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Stock symbol: | OTCBB: EAQU
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Stock price: | $1.50 at close Oct. 27
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