GolfGear Issues Stock to Buy Leading Edge

GolfGear International Inc., a Garden Grove maker of golf equipment and accessories, said it acquired Leading Edge, a Santa Monica manufacturer of putters, for stock and warrants.

GolfGear issued 200,000 shares of its common stock, worth about $58,000 at Monday’s closing price of 29 cents a share in over-the-counter trading. Golfgear also issued warrants to purchase 150,000 shares of its common stock exercisable at $1 per share for a period of four years.