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PRIVATE PLACEMENT MEMORANDUM
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12 Months Ended |
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Apr. 30, 2013
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| Private Placement Memorandum [Abstract] | |
| PRIVATE PLACEMENT MEMORANDUM |
PRIVATE PLACEMENT MEMORANDUM
The Company initiated a Private Placement Memorandum offering investment units to purchase shares of Nuvilex common stock at $50,000 per unit. The offering was subsequently closed as a result of the stock price rising during March 2013. The total funds raised were $1,136,000. Each unit consists of 1,600,000 shares of common stock, one Class A Warrant, one Class B Warrant, and one Class C Warrant. Each warrant can purchase half of the number of shares. As of April 30, 2013, each Class of Warrants (A, B, and C) enables the original investor to purchase 800,000 shares per unit for a total of 19,811,200 shares common stock each (A, B, and C). The Warrants will raise $7,429,200 for the Company when all are exercised.
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