Metalclad Deal: Metalclad Corp., an Anaheim-based insulation...

Metalclad Deal: Metalclad Corp., an Anaheim-based insulation and asbestos abatement company, said it has agreed to sell a million shares of common stock at $1.42 a share to Grant S. Kesler, president of Paradigm Group Inc. in Los Angeles. Under the agreement, Paradigm would receive a 17-cent-per-share commission on the sale. There are currently 4.3 million shares of the company’s stock outstanding.

Additional terms of the agreement provide for a five-year option to Kesler for the purchase of an additional 125,000 shares of common stock of the company at a $1.50 per share and an additional 125,000 shares for $2 per share.