Sacre-Coeur $650,000 debenture financing 2012-02-06 16:19 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 3, 2012.
Convertible debenture: $650,000
Conversion price: Convertible after the expiry of the four-month hold period into shares at price of 28 cents of principal outstanding. The company may force conversion after four months if the weighted average trading price of its common shares for any 20-consecutive-trading-day period is equal to or greater than 30 cents.
Maturity date: Feb. 2, 2013
Interest rate: 8 per cent per annum, payable quarterly in arrears
Placees: one