NEWS!Sable $450,000 convertible debenture financing
2009-03-12 16:11 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 6, 2009:
Convertible debenture: $450,000
Conversion price: Convertible into shares at 20 cents of principal outstanding
Maturity date: Three years
Interest rate: 8-per-cent simple interest, compounded and payable annually
Placees: one
Insider: Rah Management and Development Ltd. (Melvyn Rahal, Jeanette Rahal) $450,000