The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 14, 2013.
Convertible debentures: $200,000 principle amount of secured convertible debentures and
$50,000 principle amount of unsecured convertible debentures
Conversion price: Convertible into Class A shares at 11 cents of principal amount outstanding per share until maturity
Maturity date: One year from closing ($200,000) and six months from closing ($50,000)
Interest rate: 10.75 per cent per year ($200,000) and
15 per cent per year ($50,000)
Number of placees: One placee
For further details, please refer to the company's news release dated Aug. 14, 2013.
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