By Devika Patel
Knoxville, Tenn., Oct. 2 - DataJungle Software announced it has completed a C$4.07 million private placement of convertible debentures.
The debentures due Sept. 28, 2009 are secured by the company's assets and are convertible into common shares at C$0.15 per share.
As part of the deal, investors also received warrants to purchase up to 20,350,000 common shares at C$0.28 per share.
DataJungle is an Ottawa-based software company.
| Issuer: | DataJungle Software
|
| Issue: | Convertible debentures
|
| Amount: | C$4.07 million
|
| Maturity: | Sept. 28, 2009
|
| Price: | Par
|
| Conversion price: | C$0.15
|
| Warrants: | For up to 20,350,000 common shares
|
| Warrant strike price: | C$0.28
|
| Settlement date: | Oct. 2
|
| Stock symbol: | OTCBB: DJSW
|
| Stock price: | C$0.26 at close Oct. 1
|
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