By Sheri Kasprzak
New York, June 21 - Noble House Entertainment Inc. said it intends to raise $1.54 million in a private placement.
The offering includes up to 3.08 million units at $0.50 apiece.
Each unit consists of one share and one half-share warrant. The whole warrants are exercisable at $0.50 each for two years.
Proceeds will be used for working capital.
Based in Toronto, Noble House develops and produces films, television series, television movies and non-fiction programming.
| Issuer: | Noble House Entertainment Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | $1.54 million
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| Units: | 3.08 million
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| Price: | $0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $0.50
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| Pricing date: | June 21
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| Stock symbol: | OTCBB: NHSEF
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| Stock price: | $1.15 at close June 21
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