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| Home : SEB Amends Previously Closed $2,000,000 Convertible Note Offering |
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Feb 19
2016 |
SEB Amends Previously Closed $2,000,000 Convertible Note Offering |
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MISSISSAUGA, ONTARIO--(Marketwired - Feb. 18, 2016) - Smart Employee Benefits Inc. ("SEB" or the "Company") (TSX VENTURE:SEB) previously announced in a press release on February 12, 2014 that it had closed a $2,000,000 convertible note offering. The $2,000,000 of convertible notes (the "Notes") of the Company were issued at a price of $1.00 per $1.00 principal of the Notes (the "Offering") and had a two (2) year term maturing on February 12, 2016 (the "Maturity Date"). The Notes currently bear interest at an annual rate of 8% and are convertible into common shares in the capital of SEB ("Common Shares") at $0.60 per Common Share until the last business day prior to the Maturity Date. |
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| Source:http://www.marketwired.com/mw/release.do?id=2098109&sourceType=3 |
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