Company sells 200,000 units with two-year warrants at $0.50 per unit
By Devika Patel
Knoxville, Tenn., Sept. 28 - Naked Brand Group Inc. settled a $100,000 private placement of units on Sept. 24, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 200,000 units of one common share and one warrant at $0.50 per unit. Each warrant is exercisable at $0.75 for two years. The strike price reflects a 40% discount to the Sept. 20 closing share price of $1.25.
Naked Brand is a development-stage company in Abbotsford, B.C.
| Issuer: | Naked Brand Group Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | $100,000
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| Units: | 200,000
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| Price: | $0.50
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $0.75
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| Settlement date: | Sept. 24
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| Stock symbol: | OTCBB: NAKD
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| Stock price: | $1.25 at close Sept. 20
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| Market capitalization: | $33.76 million
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