The TSX Venture Exchange has consented to the amendment of the following convertible debenture.
Convertible debenture: $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
Original maturity date: Feb. 13, 2014
Amended maturity date: Aug. 13, 2014
Interest rate: 15 per cent per year
The convertible debenture was issued pursuant to a private placement which was originally accepted for filing by the exchange effective Aug. 16, 2013.
For further information, please refer to the company's news release dated Feb. 13, 2014.
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