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Aly Energy Services Inc announces unregistered sales of equity securities-Form 8-K

Friday, 3 Jan 2014 12:14pm EST 

Aly Energy Services Inc:Says the completion of a private offering of an aggregate of 15,744,997 shares of common stock at a price of $0.15 per share to about 22 of the existing beneficial owners of capital stock.Says the offering is exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) and Rule 506 thereunder.Says the proceeds of the offering will be used to pay down debt and on growth capital expenditures for operating yards in the Permian and Eagle Ford basins. 

Company Quote

0.07 +8.43%
23 Oct 2014