Las Vegas, NV -- (SBWIRE) -- 09/16/2013 -- Montalvo Spirits Inc (OTCBB:TQLA) closed at $0.36 on Friday. The price of the share during last 52 weeks fluctuated between highest of $1.07 and lowest of $0.25. The market capitalization of company is 24.24 million and has share volume of 67.31 million.
Montalvo agreed to sell a common stock of $50,000 to Lincoln Park Capital Fund. LPC can further invest equity capital up to $10.05 million on the sole option of TQLA.
The company mentioned that LPC paid $0.50 per share for the common stock plus a premium of 78% on closing price of August 30, 2013.
Montalvo Spirits Inc., previously Advanced Cloud Storage, Inc. develops and sells alcoholic beverages in the United States. The company is focusing on the artisanal spirits class. It sells the beverages through a network of licensed distributors.
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