Call Genie Inc
			Symbol			GNE
			Shares Issued			83,133,331
			Close 2009-11-11			C$ 0.17
			Recent Sedar Documents

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Call Genie closes $2.5-million tranche of financing

2009-11-12 11:14 ET - News Release

Mr. Alex Blodgett reports

CALL GENIE ANNOUNCES CLOSING OF $2.5 MILLION CONVERTIBLE DEBENTURE FINANCING

Call Genie Inc. has distributed $2.5-million total principal amount of debentures in the first tranche of a proposed offering of up to $5-million of convertible secured debentures.

Under the terms of the debentures, outstanding principal will bear interest at a rate of 12 per cent per annum, payable semi-annually, and the debentures will mature on Oct. 31, 2012. At the option of the debenture holder, principal and accrued interest under the debentures may be converted into common shares of the company, at a conversion price of 50 cents per share. The company has granted a security interest to debenture holders under a general security agreement covering all of the assets of the company.

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