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Sealand Natural Resources Inc Issues 125,000 Shares Of Common Stock-Form 8-K

Friday, 25 Oct 2013 10:53am EDT 

Sealand Natural Resources Inc reported in its Form 8-K that on September 17, 2013 (the Closing Date), the Company entered into a stock purchase agreement (the Agreement) with a non-U.S. investor (the Purchaser), pursuant to which the Company issued 125,000 shares of common stock to the Purchaser for an aggregate purchase price of $500,000, or $4.00 per share. As of the Closing Date, the Purchaser funded the Company $400,000. The remaining $100,000 will be funded on June 15, 2014 provided that the Company reaches revenues of $2,000,000 in the fiscal year ended May 31, 2014. 

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