By Devika Patel
Knoxville, Tenn., July 3 - Boo Koo Holdings, Inc. said it raised $1 million in a private placement of subordinated notes.
The notes carry a 15% coupon and mature on Dec. 31, 2008.
Investors, which included Gil Cassagne, a company director, also received five-year warrants for 1.5 million common shares, exercisable at $0.01 per share.
Proceeds will be used for working capital and general corporate purposes.
Based in Addison, Texas, Boo Koo develops, produces, markets and distributes alternative beverage category energy drinks.
| Issuer: | Boo Koo Holdings, Inc.
|
| Issue: | Subordinated notes
|
| Amount: | $1 million
|
| Maturity: | Dec. 31, 2008
|
| Coupon: | 15%
|
| Warrants: | For 1.5 million shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.01
|
| Investors: | Gil Cassagne
|
| Settlement date: | July 3
|
| Stock symbol: | OTCBB: BOKO
|
| Stock price: | $0.55 at close July 2
|
© 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.
