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ROX 8K
http://biz.yahoo.com/e/140402/rox8-k.html
Form 8-K for CASTLE BRANDS INC

2-Apr-2014

Other Events


Item 8.01 Other Events.

On April 2, 2014, Castle Brands Inc. (the "Company") called for cancellation all 1,657,802 unexercised common stock purchase warrants issued in June and October 2011 ("Warrants") pursuant to the terms of such Warrants after satisfying applicable conditions. Holders of the Warrants will have until 6:30 p.m. New York City time on April 21, 2014 to exercise such Warrants at $0.38 per share in cash. Any Warrants that remain unexercised by such time will be cancelled and the holders of such cancelled Warrants will be entitled to receive $0.01 per share. The Company intends to use the proceeds from any Warrant exercises, together with cash on hand and borrowings under its existing credit facility, to finance the acquisition of approximately $4.2 million of additional bourbon inventory in support of the continued growth of its Jefferson's bourbon brand.