Las Vegas, NV -- (SBWIRE) -- 10/25/2013 -- Vapor Corp., (OTCMKTS:VPCO) announced that it has entered into a definitive agreement with many institutional and individual accredited investors . The company is certain that its officers and directors would raise gross proceeds of $10 million in a private placement of 16,666,667 shares of the company’s common stock at share price of $0.60 per share.
Vapor Corp expects to receive net proceeds of approximately $9 million, after paying placement agent fees and estimated offering expenses, which would be used to fund the growth initiatives of the company and for working capital purposes. The private placement is subject to customary closing conditions.
The holders of the Company's approximately $1.7 million of outstanding senior convertible notes have agreed to convert in full all of these senior convertible notes into approximately 3.9 million shares of the Company's common stock in conjunction with completion of the private placement.
To find out what ChartPoppers projects for Vapor Corp. for both short term and long term please click here: VPCO
ChartPoppers Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit ChartPoppers right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly ChartPoppers is the hottest thing in Stock Picks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: chartpoppers.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://chartpoppers.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold chartpoppers.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. chartpoppers.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. chartpoppers.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and chartpoppers.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. chartpoppers.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)