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Article: Celsia Technology, Inc. Announces Ron Willis as CEO and Closes Financing Round.
- Article from:
- Marketing Weekly News
- Article date:
- October 17, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On July 31, 2009, Celsia Technologies, Inc. (Other OTC: CLST), a Nevada corporation entered into a securities purchase agreement, pursuant to which it issued and sold $1,063,414 of its original issue discount senior secured debentures due December 31, 2010 to accredited investors in a private placement. The initial conversion price of the Debentures is $0.10 per share. The aggregate sales price of the Debentures was $797,000. Pursuant to the Purchase Agreement, the Purchasers also received warrants to purchase an aggregate of 10,634,145 shares of the Company's common stock. The warrants have an exercise price of $0.10 per share and expire on July 31, 2014. Closing for the ...