Deals

Hale Capital Invests in $70M Midway Gold PIPE

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Midway Gold Corp. (MDW) announced that it has raised $70 million in a Convertible Preferred Stock transaction with parties including lead investor Hale Capital Partners. The fixed conversion price of the Convertible Preferred Stock is $1.85 per share, an approximate 37.04% premium to the market price ($1.35) of MDW at deal announcement. The deal was completed without an agent andwas the lead investor. The transaction is expected to close by Dec.

Deals

EuroSite Power Raises Capital with Common Stock PIPE

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EuroSite Power (EUSP) announced that it has raised $2.25 million in a Common Stock transaction. The common stock was sold at $1.00 per share. A series of 2,250,000 12-Month Warrants with an exercise price of $1.00 per share was issued to the investors in this transaction. The Placement Agent and the investors were not disclosed. See the PlacementTracker Deal Summary.

Deals

Hillair, Next View Invest in ESP Resources

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ESP Resources (ESPI) announced that it has raised $1 million in a Convertible Senior Secured Debentures transaction with investors Hillair Capital Investments and Next View Partners. The fixed conversion price of the Convertible Senior Secured Debentures is $0.09 per share, an approximate 1.19% premium to the market price ($0.08) of ESPI at deal announcement. A series of 11,764,706 Warrants with an exercise price of $0.09 per share (7.14% premium) was issued to the investors in this transaction. The transaction is expected to close shortly. See the PlacementTracker Deal Summary.

Deals

As Seen on TV Raises Cash with Common Stock PIPE

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Online retailer As Seen on TV (ASTV) announced that it has raised $3.05 million in a Unit (Common Stock and Warrant) transaction. The common stock was sold at $0.70 per share, an approximate 13% discount to the market price ($0.80) of ASTV at deal announcement. A series of 2,180,775 36-Month Warrants with an exercise price of $0.80 per share (0% premium) was issued to the investors in this transaction. National Securities Corp. acted as the exclusive agent on the transaction, and the investors were not disclosed. The transaction closed on Nov.