Investors also receive three-year warrants for 200,000 common shares
By Devika Patel
Knoxville, Tenn., Aug. 8 – GreenPlex Services, Inc. completed a $60,000 private placement of stock on Aug. 4, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 400,000 common shares at $0.15 per share. The price per share is a 75% discount to $0.60, the Aug. 7 closing share price.
Investors also received warrants for 200,000 shares, which are each exercisable at $0.60 for three years. The strike price is identical to the Aug. 7 closing share price.
Based in Spokane, Wash., GreenPlex provides commercial, industrial and residential property and landscape services.
| Issuer: | GreenPlex Services, Inc.
|
| Issue: | Common stock
|
| Amount: | $60,000
|
| Shares: | 400,000
|
| Price: | $0.15
|
| Warrants: | For 200,000 shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.60
|
| Announcement date: | Aug. 8
|
| Settlement date: | Aug. 4
|
| Stock symbol: | OTCBB: GRPX
|
| Stock price: | $0.60 at close Aug. 7
|
| Market capitalization: | $21.39 million
|
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