By Sheri Kasprzak
Atlanta, April 26 - GelStat Corp. said it has closed a private placement of stock for $1.7 million.
The company sold 1,214,285.71 shares at $1.40 each.
Thomas Securities LLC and Banner Capital Markets LLC were the placement agents in the deal.
Based in Minneapolis, GelStat produces consumer, over-the-counter health products. The proceeds will be used for marketing and general corporate purposes.
| Issuer: | GelStat Corp.
|
| Issue: | Stock
|
| Amount: | $1.7 million
|
| Shares: | 1,214,285.71
|
| Price: | $1.40
|
| Warrants: | No
|
| Placement agents: | Thomas Securities LLC and Banner Capital Markets LLC
|
| Settlement date: | April 26
|
| Stock price: | $1.19 at close April 25
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
