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Published on 8/17/2016 in the Prospect News PIPE Daily.

NuZee raises $137,700 through private placement of its common stock

Offering sells 215,156 common shares at $0.64 apiece to 10 investors

By Devika Patel

Knoxville, Tenn., Aug. 17 – NuZee, Inc. settled a $137,700 private placement of stock with 10 investors on Aug. 14, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 215,156 common shares at $0.64 apiece. The price per share is a 2.86% discount to the Aug. 13 closing share price of $0.65.

Based in Vista, Calif., NuZee manages a portfolio of branded consumer packaged goods.

Issuer:NuZee, Inc.
Issue:Common stock
Amount:$137,700
Shares:215,156
Price:$0.64
Warrants:No
Settlement date:Aug. 14
Stock symbol:OTCBB: NUZE
Stock price:$0.65 on Aug. 13
Market capitalization:$4.64 million

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