Deals
Hinto Energy Raises $2M
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Hinto Energy Inc. (HENI) announced that it has raised $2,000,000 in a Convertible Notes transaction. Further details have yet to be disclosed. via PlacementTracker.
Deals
Protalex Raises $2.8M in PIPE at 33% Discount
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Protalex, Inc. (PRTX) announced that it has raised $2,828,004 in a Common Stock transaction. The common stock was sold at $6.00 per share, an approximate 33% discount to the market price ($9.00) of PRTX at deal announcement. Warrants were not disclosed. This transaction was completed without an agent. The transaction closed on January 23, 2014.
Deals
Advanced Cannabis Solutions Raises $7.5M at 73% Discount in Conv Notes Deal
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Advanced Cannabis Solutions, Inc. (CANN) announced that it has raised $7,500,000 in a Convertible Senior Secured Notes transaction. The fixed conversion price of the Convertible Senior Secured Notes is $5.00 per share, an approximate 72.83% discount to the market price ($18.40) of CANN at deal announcement. A series of 1,000,000 36-Month Warrants with an exercise price of $5.50 per share (70.11% discount) was issued to the investors in this transaction. The investor was Full Circle Capital Corporation. via PlacementTracker.
Deals
Tasman Metals Raises $4.5M at 19% Discount
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Tasman Metals Limited (TAS) announced that it has raised $4,509,545 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $0.9921 per share, an approximate 19% discount to the market price ($1.2224) of TAS at deal announcement. A series of 4,545,454 36-Month Warrants with an exercise price of $1.3529 per share (10.68% premium) was issued to the investors in this transaction. Note that this Placement was originally conducted in Canadian Dollars. The original Gross Proceeds was CAD 5,000,000.
