Published on 11/29/2012 in the Prospect News PIPE Daily.
Naked Brand Group concludes $200,000 private placement of stock, units
Units, shares sold at $0.25 apiece; units include two-year warrants
By Devika Patel
Knoxville, Tenn., Nov. 29 - Naked Brand Group Inc. settled a $200,000 private placement of units and stock on Nov. 26, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 400,000 units of one common share and one warrant at $0.25 per unit. Each warrant is exercisable at $0.50 for two years. The strike price reflects a 61.54% discount to the Nov. 23 closing share price of $1.30.
Naked Brand also sold 400,000 shares at $0.25 per share, an 80.77% discount to the Nov. 23 closing price.
The development-stage company is based in Abbotsford, B.C.
Issuer: | Naked Brand Group Inc.
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Issue: | Units of one common share and one warrant, shares
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Amount: | $200,000
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Price: | $0.25
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Settlement date: | Nov. 26
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Stock symbol: | OTCBB: NAKD
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Stock price: | $1.30 at close Nov. 23
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Market capitalization: | $35.11 million
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Units
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Amount: | $100,000
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Units: | 400,000
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $0.50
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Stock
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Amount: | $100,000
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Shares: | 400,000
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Warrants: | No
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