KSIX Media Holdings wraps $300,064 private placement of common shares

Company sells 3,717,620 shares at $0.080714 apiece to Sidney Lorio Jr.

By Devika Patel

Knoxville, Tenn., Aug. 4 – KSIX Media Holdings Inc. completed a $300,064 private placement of stock with Sidney J. Lorio Jr., according to an 8-K filed Tuesday with the Securities and Exchange Commission. It raised $75,064 on May 18, $85,000 on June 4 and $140,000 on June 16.

The company sold 3,717,620 common shares at $0.080714 per share. It sold 930,000 shares in the first tranche, 1,053,100 shares in the second tranche and 1,734,520 shares in the third tranche. The price per share is a 76.94% discount to the May 15 closing share price of $0.35.

The Henderson, Nev., company operates an advertising network.

Issuer:	KSIX Media Holdings Inc.
Issue:	Common stock
Amount:	$300,064
Shares:	3,717,620
Price:	$0.080714
Warrants:	No
Investor:	Sidney J. Lorio Jr.
Settlement date:	May 18 (for $75,064), June 4 (for $85,000), June 16 (for $140,000)
Stock symbol:	OTCBB: KSIX
Stock price:	$0.35 at close May 15
Market capitalization:	$593,290

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