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Carbeeza Inc Com V.HIT

Hit Technologies Inc develops, manufactures, and sells accessories for mobile devices for iPhones in Canada, the United States, and internationally. The firm is engaged in designing, manufacturing, and distribution of the company's suite of HITCASE products, professional lens and mounting systems for iPhone. Its product portfolio includes Hitcase PRO, a rugged, waterproof, and mountable case with removable lenses; Hitcase SHIELD, a case that is waterproof and shockproof; and Hitcase SNAP, a case


TSXV:HIT - Post by User

Post by Kdawg51on Nov 27, 2018 9:32pm
164 Views
Post# 29030988

HIT Technologies Closes Loan and Amends Debentures

HIT Technologies Closes Loan and Amends DebenturesNovember 27, 2018 HIT Technologies Inc. (the "Company"; TSX.V: HIT) announces that the Company has entered into a loan (the Loan) transaction with an arms length third party in a form of secured promissory note in the amount of $150,000 subject to any regulatory approval. The Loan bears interest at 2.5% per month and repayable on or before February 15, 2019. Furthermore, the Company has also completed the amendment transaction with a convertible debenture holder, as previously announced on October 26, 2018, extending the previous maturity date to October 31, 2020 with an option to convert at $0.05 per share until October 31, 2019 and thereafter at $0.10 per share until October 31, 2020. The Company plans to use the funds from the financing to fund ongoing operations and meet its continuous disclosure requirements, and for general working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS OF HIT TECHNOLOGIES INC.
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