By Sheri Kasprzak
New York, July 6 - CirTran Corp. closed a second tranche of its previously announced private placement for $2 million for total proceeds of $3 million.
The company issued 28,571,428 shares at $0.07 each to Anahop, Inc., the same investor as in the first tranche of the deal.
Anahop also received warrants for 63 million shares. Of the shares, 30 million are exercisable at $0.15 each, 10 million at $0.25 each and 23 million at $0.50 each.
CirTran previously sold $1 million of stock to Anahop at the same price, closing the sale on May 30.
Salt Lake City-based CirTran manufactures IT and consumer electronics products.
| Issuer: | CirTran Corp.
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| Issue: | Stock
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| Amount: | $2 million
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| Shares: | 28,571,428
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| Price: | $0.07
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| Warrants: | For 63 million shares
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| Warrant strike price: | $0.15 for 30 million; $0.25 for 10 million; $0.50 for 23 million
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| Investor: | Anahop, Inc.
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| Settlement date: | July 6
|
| Stock symbol: | OTCBB: CIRT
|
| Stock price: | $0.031 at close July 5
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