Company sells 50 preferreds at $1,000.00 each to Alpha Capital Anstalt
By Devika Patel
Knoxville, Tenn., Oct. 19 – ZaZa Energy Corp. settled a $50,000 private placement of series B convertible preferred stock with Alpha Capital Anstalt on Oct. 16, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 50 preferreds at $1,000.00 per preferred. They are initially convertible into a total of 250,000 common shares at $0.20 per share, a 28.57% discount to the Oct. 15 closing share price of $0.28.
Houston-based ZaZa is an onshore oil and gas exploration and development company.
| Issuer: | ZaZa Energy Corp.
|
| Issue: | Series B convertible preferred stock
|
| Amount: | $50,000
|
| Shares: | 50
|
| Price: | $1,000.00
|
| Conversion price: | $0.20
|
| Warrants: | No
|
| Investor: | Alpha Capital Anstalt
|
| Settlement date: | Oct. 16
|
| Stock symbol: | Nasdaq: ZAZA
|
| Stock price: | $0.28 at close Oct. 15
|
| Market capitalization: | $3.85 million
|
© 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.
