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| Home : Certive Solutions Inc. Announces $1,000,000 Private Placement Of Convertible Debentures |
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Jun 24
2014 |
Certive Solutions Inc. Announces $1,000,000 Private Placement Of Convertible Debentures |
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SCOTTSDALE, ARIZONA--(Marketwired - June 24, 2014) - The Board of Directors of Certive Solutions Inc. (the "Company") (CSE:CBP) is pleased to announce a non-brokered private placement of $1,000,000 in convertible debentures with a minimum par value of $1,000 per debenture and a minimum subscription of $10,000. The debenture will be convertible at the option of the holder into shares of the Company at a price of $0.30 per share. Upon conversion the holder will receive one-half of one common share purchase warrant for each share held. One whole warrant entitles the purchaser to acquire one share at $0.60 for a period of two years from the closing date. The debenture will be for a term of 2 years and bear simple interest of 10% per annum in the first year payable semi-annually and 12% per annum in the second year payable semi-annually. The debenture will be secured against the assets of Certive with a PPSA registration in Canada and a UCC-1 registration in the United States. |
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| Source:http://www.marketwired.com/mw/release.do?id=1923815&sourceType=3 |
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