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| Home : Gemoscan Canada Announces Convertible Debenture Financing |
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Aug 04
2012 |
Gemoscan Canada Announces Convertible Debenture Financing |
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TORONTO, ONTARIO--(Marketwire - Aug. 3, 2012) - Gemoscan Canada, Inc. ("Gemoscan" or the "Corporation") (TSX VENTURE:GES) (MUN:1GE) wishes to announce that it is offering up to $500,000 in convertible debentures. The debentures will have a term of one (1) year and pay interest at the rate of 8% per annum. The debentures will be unsecured. The debentures will be convertible into shares of the Corporation at the rate of one Class A share for each $0.27 converted. In addition, purchasers shall receive one-half of a share purchase warrant for each $0.27 in debenture acquired Each full warrant will entitle the holder to acquire a Class A share at a price of $0.27 per share for a period of one year. |
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| Source:http://www.marketwire.com/mw/release.do?id=1687041&sourceType=3 |
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