|
| Home : Stompy Bot Announces Closing of Second and Final Tranche of Non-Brokered Private Placement of Convertible Debentures |
|
Oct 22
2016 |
Stompy Bot Announces Closing of Second and Final Tranche of Non-Brokered Private Placement of Convertible Debentures |
|
SAINT JOHN, NEW BRUNSWICK--(Marketwired - Oct. 21, 2016) - Stompy Bot Corporation (the "Corporation") (CSE:BOT) announces that, further to its press release dated August 15, 2016, it has completed the second and final tranche of its previously announced non-brokered private placement private of up to $200,000 in principal amount of secured convertible debentures (the "Debentures") at a price of $1,000 and integral multiples thereof per debenture (the "Offering"), with each $1,000 Debenture consisting of 8,000 common share purchase warrants (the "Warrants"). Each Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Corporation at a price of $0.05 per common share (the "Warrant Shares") for two (2) years from the date of issue. The Debentures will have an interest rate of 12% per year, calculated semi-annually from their date of issuance and will mature on the date that is one (1) year from the date of issuance. At the option of the holder, principal under the Debenture is convertible (the "Conversion") into common shares of the Corporation (the "Conversion Shares") at a conversion price of $0.05 per Conversion Share. In connection with the second and final tranche, the Company has issued 115 Debentures and 920,000 Warrants of the Company for total aggregate proceeds of $115,000. Proceeds of the Offering will be used to fund the development and marketing of the Corporation's video games, and for general working capital purposes. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2168910&sourceType=3 |
| |
|
Related News
|
» ExtremeTerrain Gears Up To Take Education To New Heights
» Leo Acquisitions Corp. Announces Closing of Private Placement Offering of Common Shares
|
|
|
