Not startling news but interestingNews today that a debenture holder converted a $75,000 loan to the Company into 1.25 million shares at 7.5 cents a share or 33.33 % above todays closing share price of 5 cents.
Together with recent private placements for $375,000 at 5 cents a share , you have to think that those investing in the company recently are looking to get a good return on their investment.
Yes it is very frustrating waiting for News but you have to believe that patience will eventually be rewardedand sooner or later we should hopefully get some very positive News .
Evidently the debenture holder who converted the Company debt into shares at 7.5 cents must believe that something good will happen. Just an observation from today's News Release below: GLTA
Saint Jean Carbon receives debenture conversion notice 2014-01-13 16:11 ET - News Release Ms. Laurie McCarney reports SAINT JEAN CARBON INC.: CONVERSION OF CONVERTIBLE DEBENTURE Saint Jean Carbon Inc. has received a conversion notice with respect to convertible debenture issued on Aug. 30, 2013. The entire outstanding principal amount of the convertible debenture in the amount of $93,750 has been converted into 1.25 million common shares at 7.5 cents per share in accordance with the terms of the convertible debenture. In addition to the issuance of shares, the company confirms it has paid the related accrued interest. We seek Safe Harbor. © 2014 Canjex Publishing Ltd. All rights reserved. |