By Devika Patel
Knoxville, Tenn., Aug. 20 - Florida Gaming Corp. arranged to sell $1 million of convertible promissory notes on Aug. 14, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The 5% notes are due Dec. 31, 2009. They are convertible into common stock at $6.00 per share.
The investors are Solomon O. Howell and James W. Stuckert.
Based in Miami, Florida Gaming owns and operates gaming facilities.
| Issuer: | Florida Gaming Corp.
|
| Issue: | Convertible promissory notes
|
| Amount: | $1 million
|
| Maturity: | Dec. 31, 2009
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Conversion price: | $6.00
|
| Warrants: | No
|
| Investors: | Solomon O. Howell and James W. Stuckert
|
| Pricing date: | Aug. 14
|
| Stock symbol: | OTCBB: FGMG
|
| Stock price: | $6.00 at close Aug. 14
|
| Market capitalization: | $23.7 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
