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iSign Media $360,000 debenture private placement
2015-06-10 18:05 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 14, 2015.
Convertible debenture: $360,000
Conversion price: Convertible into units consisting of one common share and one common share purchase warrant at 23.5 cents of principal outstanding
Maturity date: One year from the date of issuance
Warrants: Each warrant will have a term of two years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of 36 cents.
Interest rate: 10 per cent
Number of placees: One placee
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