DC Brands International announces plans for convertible debt financing

Proceeds will be used for operations and restructuring of the company

By Devika Patel

Knoxville, Tenn., March 1 - DC Brands International, Inc. negotiated a private placement of convertible debt on Feb. 27, according to an 8-K filed Friday with the Securities and Exchange Commission.

Proceeds will be used for operations and in connection with a restructuring of the company.

The company also said it no longer plans to file for Chapter 7 bankruptcy protection as previously disclosed.

The Denver-based company makes health products.

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