4//SEC Filing
General Moly, Inc 4
Accession 0001080368-15-000004
CIK 0001275229operating
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 3:36 PM ET
Size
9.0 KB
Accession
0001080368-15-000004
Insider Transaction Report
Form 4
Chen Nelson Feng
Director
Transactions
- Purchase
Common Stock purchase warrants (right to buy)
2015-01-28+100,000→ 100,000 totalExercise: $1.00From: 2015-06-26Exp: 2019-12-26→ Common Stock (100,000 underlying) - Purchase
10% senior convertible promissory notes
2015-01-28+100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]The notes are convertible at any time at the option of the holder into common stock of the issuer. The conversion price is equal to 80% of the greater of (i) the average volume weighted average price ("VWAP") for the 30 business day period ending on the business day prior to the date of notice of conversion, or (ii) the average VWAP for the 30 business day period ending on the original issue date of the notes; provided that in no event will the conversion price be less than $0.32. The total number of shares of common stock into which the notes are convertible shall not exceed 100 shares of common stock for each $100 principal amount converted, subject to adjustment for stock splits, dividends and combinations.
- [F2]On December 22, 2014, the issuer entered into definitive agreements for the private placement of units, each consisting of consisting of (i) one 10% senior convertible promissory note with an original principal amount of $100 and (ii) 100 warrants, each exercisable to purchase one share of the Company's common stock, par value $0.001 per share. The private placement closed on December 26, 2014. On January 28, 2015, the final legal condition to issuance of the shares of common stock underlying the notes and warrants was satisfied when the NYSE MKT approved the listing of such shares.
- [F3]The notes mature on December 26, 2019.
- [F4]The purchase price for each unit was $100.
Documents
Issuer
General Moly, Inc
CIK 0001275229
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001275229
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 3:36 PM ET
- Size
- 9.0 KB