OTCPK:LLEN - Post Discussion
Post by
raceagainstthestorm on Jan 16, 2013 6:01am
Looks like another purchase in the pipe,
Form 8-K for L & L ENERGY, INC.
15-Jan-2013
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities The registrant entered an agreement with a private, accredited investor in January 2013 to sell 505,780 shares of its restricted LLEN common stock, with warrants, for $875,000 in cash. The warrants are exercisable for three years to purchase 111,271 shares of its restricted LLEN common stock with a $2.10 exercise price. The agreement pursuant to which the investment was made gives the investor piggyback registration rights on any registration statement declared effective within six months. It also gives the investor the option to participate in up to 10% of certain future PIPE transactions for three years.
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