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| Home : DealNet Capital Announces Debenture Offering |
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Nov 14
2012 |
DealNet Capital Announces Debenture Offering |
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TORONTO, ONTARIO--(Marketwire - Nov. 14, 2012) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce a proposed non-brokered offering of convertible unsecured debentures ("Debentures") for aggregate gross proceeds of up to $1,500,000. The Debentures will mature on the date that is three (3) years from the date of issuance (if not otherwise converted) and bear interest at a rate of 12% per annum, which shall be paid quarterly in arrears. The Debentures shall be convertible into common shares of the Company ("Common Shares") at a conversion rate of $0.20 per share at any time prior to the earlier of the maturity date or the redemption date. The Company will have the right to redeem the Debentures, in whole or in part, from time to time, on not more than 60 days and not less than 15 days prior written notice at a redemption price equal to 100% of their principal amount plus any accrued and unpaid interest. |
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| Source:http://www.marketwire.com/mw/release.do?id=1726286&sourceType=3 |
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