Celsia wraps $8.14 million private placement of convertible debentures

By Sheri Kasprzak

New York, May 31 - Celsia Technologies Inc. completed an $8.14 million private placement of convertible secured debentures.

The debentures are convertible into common shares at $0.125 each. The full terms of the deal were unavailable at press time Thursday.

Of the debentures, $6.85 million were issued for cash and the rest in exchange for all of the company's outstanding promissory notes.

Based in Miami, Celsia develops and licenses thermal-management projects and technologies for the personal computers, consumer electronics, lighting and display sectors.

The company's stock closed unchanged on Thursday at $0.095 (OTCBB: CSAT).

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