Published on 10/25/2007 in the Prospect News PIPE Daily.
New Issue: Nature Vision sells $1 million promissory note with warrant
By Laura Lutz
Des Moines, Oct. 25 - Nature Vision, Inc. raised $1 million from a private placement of a demand promissory note and warrants with investor Richard Kiphart.
The note matures on Jan. 19, 2008 and bears interest at 15% per year. Interest is payable monthly.
Kiphart also received a warrant for 100,000 shares, exercisable at $2.21 until Oct. 19, 2009.
Nature Vision is an outdoor recreation company based in Brainerd, Minn.
Issuer: | Nature Vision, Inc.
|
Issue: | Demand promissory note, warrants
|
Amount: | $1 million
|
Maturity: | Jan. 19, 2008
|
Coupon: | 15%
|
Price: | Par
|
Yield: | 15%
|
Warrants: | For 100,000 shares
|
Warrant expiration: | Oct. 19, 2009
|
Warrant strike price: | $2.21
|
Investor: | Richard Kiphart
|
Pricing date: | Oct. 19
|
Stock symbol: | Nasdaq: NRVN
|
Stock price: | $2.21 at close Oct. 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.