Eastside Distilling Closes Equity Raise

PORTLAND, Ore., Jan. 9, 2017 /PRNewswire/  Eastside Distilling, Inc. (OTCQB: ESDI) ( Eastside or the Company ) today announced the closing of two private financings, both a private placement of Units and the exercise of outstanding warrants for cash and debt. In these two financings, the Company received $1.6 million in cash, reduced the outstanding principal amount of 8% promissory notes by $1.15 million, and cancelled warrants to purchase 1,315, 384 shares of Common Stock. The Company intends to use the net proceeds of the
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