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Hit Technologies Inc
Symbol C : HIT
Shares Issued 94,158,467
Close 2018-05-16 C$ 0.04
Recent Sedar Documents

Hit Technologies $332,500 debenture private placement

2018-05-16 19:06 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 27, 2018.

Convertible debenture:  $332,500

Conversion price:  if exercised in the first year, convertible into units consisting of 6.65 million common shares at a price of five cents and 4.75 million common share purchase warrants; if exercised in the second year, convertible into units consisting of 3,325,000 common shares at a price of 10 cents and 4.75 million common share purchase warrants

Maturity date:  24 months 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 a price of seven cents in the first year of exercise and at seven cents in the second year of exercise.

Interest rate:  10 per cent per annum

Number of placees:  two placees

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