Investors also receive three-year warrants with $0.60 strike price
By Angela McDaniels
Tacoma, Wash., Sept. 8 – GreenPlex Services, Inc. sold 400,000 shares of restricted common stock to two investors for $0.15 per share for a total of $60,000 on Sept. 3.
The investors also received 200,000 three-year warrants with an exercise price of $0.60 per share.
The price per share and the warrant exercise price are 25% of and the same as, respectively, the price at which the stock last traded, which was on Aug. 7.
The non-brokered transaction was arranged and undertaken by the officers of GreenPlex.
The company said it sold the stock to further capitalize itself in order to pay operating expenses and to assist in executing its business plan.
GreenPlex provides landscape and exterior property management services and is based in Spokane, Wash.
| Issuer: | GreenPlex Services, Inc.
|
| Issue: | Common stock
|
| Amount: | $60,000
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| Shares: | 400,000
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| Price: | $0.15
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| Warrants: | 200,000 warrants
|
| Warrant expiration: | Three years
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| Warrant strike price: | $0.60
|
| Agent: | Non-brokered
|
| Settlement date: | Sept. 3
|
| Stock symbol: | OTCBB: GRPX
|
| Stock price: | $0.60 at close Sept. 8
|
| Market capitalization: | $21.39 million
|
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