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Greenhunter Resources Inc Announces Completion Of New Equity Placement


Thursday, 19 Sep 2013 01:30pm EDT 

Greenhunter Resources Inc announced the closing of a private placement of 181,786 units consisting of an aggregate of 181,786 shares of the Company`s 10% Series C Cumulative Preferred Stock and 282,778 common stock purchase warrants, for aggregate gross proceeds of $3,181,255. Each warrant entitles the holder to purchase one share of common stock at a price of $2.25 per share. The warrants have an expiration date of September 19, 2018. The purchasers of the securities were Context Capital Management, LLC, Forward Management LLC, Crow Point Partners and New Salem Investment Capital, LLC. MLV & Co. acted as the placement agent for the offering. 

Company Quote

1.0
0.02 +2.04%
16 Apr 2014