LOS ANGELES, CA, (NAMC) – Home entertainment software publisher Navarre Corporation (NASDAQ:NAVR) has completed a $19.95 million private placement that was placed by Craig-Hallum Capital Group LLC and place with accredited investors.

The placement terms included the issuance of approximately 5.7 million shares of its common stock at $3.50 per share and approximately 1.4 million five-year warrant shares to purchase common stock exercisable at $5.00 per share.

This placement was done to assist in eliminating a high interest $25 million Term Loan C sub-facility that the company had with General Electric Capital Corporation.

Navarre closed at $3.82

David Kingston
Los Angeles News Correspondent
NAMC Newswire
www.namcnewswire.com

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