This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Artevo to offer sale of $4-million in debentures 2009-11-02 18:59 ET - News Release Mr. Christopher Talbot reports ARTEVO CORPORATION ANNOUNCES OFFERING OF PRIVATE PLACEMENT Artevo Corp. has reapplied to the TSX Venture Exchange to offer for sale the amount remaining of the $4-million principal amount of debentures previously announced in the amount of up to $2,129,000 of debentures to be issued on the same terms as the initial private placement. The debentures will have an interest rate of 15 per cent per annum payable monthly and will be secured by a general security agreement registered against the assets of the corporation. For every $3.00 of principal amount of debentures purchased, subscribers will receive a warrant, with each warrant entitling the holder thereof to purchase one common share in the capital of the corporation at an exercise price of 10 cents per common share for a period of one year from the date of issuance. The debentures will have a maturity date of two years from the date of issuance and will not be redeemable by Artevo during the first year. The issuance of securities is subject to TSX-V approval and will have a hold period of four months from the date of issuance. The corporation may redeem the debentures during the second year thereby incurring a penalty of 3 per cent of the principal amount of the debentures. Artevo may pay a commission of up to 6-per-cent cash to certain introducing parties in respect on the sale of debentures.
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