5% note due Dec. 31, 2018 sold to Building 400
By Toni Weeks
San Luis Obispo, Calif., Oct. 21 - Eurocan Holdings Ltd. sold a $202,000 5% convertible note to Building 400 Ltd. on Oct. 18, according to an 8-K filed Monday with the Securities and Exchange Commission.
The note is convertible into common stock at $0.01 per share. It matures on Dec. 31, 2018.
The note can be prepaid at any time without penalty.
Based in New York, Eurocan is an online marketing and media services firm.
| Issuer: | Eurocan Holdings Ltd.
|
| Issue: | Convertible note
|
| Amount: | $202,000
|
| Maturity: | Dec. 31, 2018
|
| Coupon: | 5%
|
| Conversion price: | $0.01
|
| Call: | Yes
|
| Warrants: | No
|
| Investor: | Building 400 Ltd
|
| Settlement date: | Oct. 18
|
| Stock symbol: | OTCBB: EURC
|
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