Assured Pharmacy wraps $860,000 tranche of private placement of units

Deal offers 34.4 units of 38,462 shares and warrants for 38,462 shares

By Devika Patel

Knoxville, Tenn., June 6 - Assured Pharmacy, Inc. settled a $360,000 final tranche of a $860,000 private placement of units on May 7, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal raised $500,000 on Feb. 5.

The company sold 20 units of 38,462 common shares and warrants for 38,462 shares at $25,000.00 per unit in the first tranche and 14.4 units in the second tranche.

The three-year warrants are each exercisable at $0.90. The strike price is a 95.65% premium to the Feb. 4 closing share price of $0.46.

Based in Irvine, Calif., Assured provides pharmacy services for patients with chronic pain and other long-term conditions.

Issuer:	Assured Pharmacy, Inc.
Issue:	Units of 38,462 common shares and warrants for 38,462 shares
Amount:	$860,000
Units:	34.4
Price:	$25,000.00
Warrants:	Warrants for 38,462 shares per unit
Warrant expiration:	Three years
Warrant strike price:	$0.90
Settlement date:	Feb. 5 (for $500,000), May 7 (for $360,000)
Stock symbol:	OTCBB: APHY
Stock price:	$0.46 at close Feb. 4
Market capitalization:	$5.09 million

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