By Devika Patel
Knoxville, Tenn., April 21 - GoFish Corp. announced it took in $1.5 million from a private placement of unsecured convertible original issue discount notes.
The notes mature on June 8, 2010 and are discounted 15%. They will be convertible into common shares 181 days after the issue date at an initial conversion price of $2.06 per share.
Investors also received warrants for 1,719,309 common shares.
GoFish is an internet video network with headquarters in San Francisco.
| Issuer: | GoFish Corp.
|
| Issue: | Unsecured convertible original issue discount notes
|
| Amount: | $1.5 million
|
| Maturity: | June 8, 2010
|
| Price: | 85% of par
|
| Conversion price: | $2.06
|
| Warrants: | For 1,719,309 shares
|
| Settlement date: | April 21
|
| Stock symbol: | OTCBB: GOFH
|
| Stock price: | $0.29 at close April 18
|
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