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| Home : SPoT Coffee Announces and Closes Financing for Proceeds of $1,400,000 |
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Jul 17
2013 |
SPoT Coffee Announces and Closes Financing for Proceeds of $1,400,000 |
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TORONTO, ONTARIO--(Marketwired - July 16, 2013) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that the Company has closed a non-brokered private placement of secured convertible debentures (each, a "Convertible Debenture"). The Company issued an aggregate of $1,400,000 principal amount of Convertible Debentures. The Convertible Debentures bear interest at a rate of 9% per annum and will mature three years after their date of issue. The principal amount of each Convertible Debenture is convertible, at the option of the holder, into common shares of the Company at any time before maturity at a conversion rate of $0.18 per common share. |
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| Source:http://www.marketwire.com/mw/release.do?id=1811747&sourceType=3 |
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