New Issue: Lifevantage seals $2.61 million private placement of stock

By Devika Patel

Knoxville, Tenn., March 27 - Lifevantage Corp. completed a $2.61 million private placement of stock, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal settled March 26.

The company sold 13.04 million common shares at $0.20 each along with warrants for an equal number of shares. The warrants will be exercisable at $0.50 for three years.

Greenwood Village, Colo.-based Lifevantage specializes in health products.

Issuer:	Lifevantage Corp.
Issue:	Common stock
Amount:	$2,608,000
Shares:	13.04 million
Price:	$0.20
Warrants:	For 13.04 million warrants
Warrant expiration:	Three years
Warrant strike price:	$0.50
Settlement date:	March 26
Stock symbol:	OTCBB: LFVN
Stock price:	$0.60 at close March 26
Market capitalization:	$16.6 million

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