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| Home : Privinvest Acquires Debenture Units of VendTek Systems |
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Sep 27
2012 |
Privinvest Acquires Debenture Units of VendTek Systems |
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TORONTO, ONTARIO--(Marketwire - Sept. 26, 2012) - Pursuant to a subscription agreement entered into with VendTek Systems Inc. (TSX VENTURE:VSI) ("VendTek") on September 18, 2012, Privinvest Offshore SAL (Holding) ("Privinvest") acquired by way of private placement in reliance on the minimum amount investment exemption (the "Offering") 860 debenture units (the "Debenture Units") issued by VendTek. Each Debenture Unit consists of one 6% unsecured convertible debenture of VendTek having a principal amount of $1,000 (the "Debentures") and common share purchase warrants (each, a "Warrant") to purchase common shares of VendTek (the "Common Shares"). The Debenture Units will result in Privinvest acquiring an aggregate of $860,000 principal amount of Debentures and 7,818,181 Warrants. |
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| Source:http://www.marketwire.com/mw/release.do?id=1706144&sourceType=3 |
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