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Boo Koo Holdings, Inc.
Boo Koo Holdings, Inc. Raises $1 Million Through Private Placement
July 19th, 2008
Boo Koo Holdings, Inc. (BULLETIN BOARD: BOKO) announced that it has raised $1 million through the issuance of Subordinated Notes in a private placement financing in which Gil Cassagne, a Director of the Company, and other accredited investors participated. The proceeds from the private placement will be used for working capital and general corporate purposes. The Subordinated Notes bear interest at a rate of 15% and mature on December 31, 2008. The Notes are not convertible. Investors also received five-year warrants to purchase an aggregate of 1,500,000 shares of the Company's common stock, exercisable at $0.01 per share. The notes, the warrants and...
Source: Law & Health Weekly (2008-07-19)
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