Post by
JustAnotherGuy on Aug 11, 2010 3:37pm
Quick Comparison
A quick comparison between last year's PP and the new (increased) PP:
Private Placement - December 10, 2009
- 4,000,000 common shares @ $.35 = $1,400,000
- 2,000,000 warrants @ $.60 = $1,200,000
Total (full dilution): $2,600,000 by issuing 6,000,000 common shares.
Private Placement - August 9, 2010
- 3,333,333 common shares @ $.75 ~ $2,500,000
- 4,615,385 common shares @ $.65 ~ $3,000,000
- 2,307,692 warrants @ $.75 ~ $1,730,769
Total (full dilution): $7,230,769 by issuing 10,256,410 common shares.
Private Placement (Increased) - August 11, 2010
- 5,333,333 common shares @ $.75 ~ $4,000,000
- 5,384,615 common shares @ $.65 ~ $3,500,000
- 666,667 common shares @ $.75 or 769,231 common shares @ $.65 ~ $500,000
- 2,692,308 warrants @ $.75 ~ $2,019,231
- 384,615 warrants @ $.75 ~ $288,462
Total (full dilution): $10,019,231 to $10,307,692 by issuing 14,076,923 to 14,564,103 common shares.
Guy