Jones Soda Extends Private Placement Close to Next Week

Jones Soda Co (JSDA.CN) is extending the closing of its private placement to the week of July 6. The placement was originally meant to close in early May. The offering consists of up to 7.5 million units at $0.33 apiece, for $2.5 million proceeds. Each unit is made up of one share and one-half of a three-year warrant to buy a share at US$0.45. Proceeds will be used for general working capital purposes.