Armor Electric, Inc. Announces Private Placement Transaction Of 5,200,000 Units Armor Electric, Inc. is pleased to announce that it has concluded a private placement of $520,000. The Company will issue 5,200,000 units, each unit consisting of one share and one share purchase warrant. Each warrant can be exercised at the price of $0.15 to purchase one share of the Company and has an expiration date of February 22, 2012. If all of the warrants are exercised, the amount of financing received by Armor Electric, Inc. will be $1.25 million. About Armor Enterprises Inc. Armor Electric, Inc. is a leader in the design, manufacture, and distribution of electric battery power drive systems for land and water vehicles. Contact Information Armor
Electric This information may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed on this website might not occur, and actual results could differ materiallyfrom those anticipated or implied in the forward-looking statements. |
