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| Home : Quattro Exploration and Production Announces the Closing of Financing for Total Proceeds of $ 500,000 |
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Jan 03
2014 |
Quattro Exploration and Production Announces the Closing of Financing for Total Proceeds of $ 500,000 |
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CALGARY, ALBERTA--(Marketwired - Jan. 3, 2014) - QUATTRO Explorations and Production Ltd. (the "Company") (TSX VENTURE:QXP) is pleased to announce the closing of a Convertible Debenture for $500,000 on December 31st, 2013. There were 500 convertible debentures issued each having a value of $1,000 each, paying an annual rate of 8% for 3 years with a conversion price of $0.50 into one common share, or 2,000 shares per debenture. The debentures being issued were to insiders of the Corporation. The Company without taking into account the conversion of the current financing has 34,994,778 shares outstanding. |
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| Source:http://www.marketwired.com/mw/release.do?id=1866033&sourceType=3 |
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