KeyOn announces $2.2 million deal; Greens issues $3.9 million preferreds; IntraOp raises $3.77 million

By LLuvia Mares

New York, Aug. 23 - KeyOn Communications Holdings, Inc. announced Thursday that it settled $2.2 million of equity financing through the sale of stock and warrants.

The proceeds will be used for debt repayment, acquisitions and general working capital.

"Becoming a public company allows KeyOn to enjoy a broader exposure to the investment community and increases the profile of our company within the fast growing, wireless broadband industry," said Jonathan Snyder, president and chief executive officer of the company, in a press release. "With the additional capital from this offering and greater access to the capital markets we intend to accelerate both our plans to deploy WiMAX networks and our existing efforts to acquire other wireless broadband carriers."

Omaha, Neb.-based KeyOn Communications Holdings specializes in providing wireless broadband and voice-over internet protocol services in small to midsized and rural markets.

Greens sells $3.9 million preferreds

Greens Worldwide Inc. announced Thursday it agreed to sell $3.9 million of series A convertible preferred stock as part of a restructuring of its existing securities.

Air Brook Airport Express, Inc. purchased the 390,000 preferred shares valued at $10.00 each in exchange for Air Brook assuming half of the $7,807,500 debt owed to investors AJW Partners, LLC, AJW Offshore, Ltd., AJW Qualified Partners, LLC and New Millennium Capital Partners II, LLC under callable secured convertible notes issued in March.

Each of the new preferred shares is convertible into 640 shares.

In addition, the original 40 million warrants from the March deal were cancelled and replaced by 20 million new warrants.

The old notes are convertible into stock at a 75% discount to the then current fair market value.

Lake Mary, Fla.-based Greens Worldwide specializes in integrated sports marketing and management.

IntraOp raises $3.77 million

IntraOp Medical Corp. announced Thursday it raised $3,766,524.48 proceeds in stocks and warrants.

Investors Lacuna Hedge Fund LLLP and Lacuna Venture Fund LLLP purchased the stock. Warrants for 165,589,736 shares were included in the transaction and have an exercise price of zero and will be exercised at a subsequent closing after shareholders approve an increase in the number of authorized shares.

In addition, Lacuna investors have agreed to invest an additional $1,633,476 to purchase 20,418,444 shares of common stock at the subsequent closing.

Sunnyvale, Calif.-based Intraop Medical Corp. specializes in the development, manufacturing, marketing and servicing of the Mobetron, a mobile electron beam system designed for intraoperative radiotherapy treatment of cancer, coronary vascular restenosis and other medical applications.

Halcyon sells $4.99 million

Halcyon Jets Holdings, Inc. announced Thursday a $4.99 million private placement of shares and warrants.

Halcyon Jets Holdings is the product of merging companies Greenleaf Forest Products Holdings, Inc. and privately held Halcyon Jets, Inc. The transaction was carried out to move the state of incorporation to Delaware from Nevada.

Halcyon sold 49.9 units at $100,000 each.

In total the units include 4,990,000 shares and three-year redeemable warrants to purchase 2,495,000 shares of Halcyon Jets' stock at an exercise price of $1.00 per share.

As part of the private placement, holders of $1,500,000 of outstanding indebtedness of Halcyon converted their promissory notes at $1.00 per share into 15 units in the private placement.

New York-based Halcyon was formed in Nevada on Feb. 1, 2007 to provide luxury private transport by connecting travelers with independently owned and operated executive aircraft.

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