Convertible notes purchased by LG Capital, SBI Investments, CareBourn
By Devika Patel
Knoxville, Tenn., April 5 – FONU2 Inc. sold a $10,000 convertible note to LG Capital on March 7, according to an 8-K filed Monday with the Securities and Exchange Commission. It sold another $10,000 convertible note to SBI Investments on March 7 and a third $13,000 convertible to CareBourn Capital LP on March 11.
The 8% LG Capital and SBI note are due March 7, 2017 and may be converted into common shares at 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion.
The 12% CareBourn Capital LP note is due Dec. 11, 2016 and may be converted into common shares at 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion.
FONU2 is a technology company based in Fort Lauderdale, Fla.
| Issuer: | FONU2 Inc.
|
| Issue: | Convertible notes
|
| Amount: | $33,000
|
| Conversion price: | 55% of the lowest trading price of the stock during the 20 trading days period preceding conversion
|
| Warrants: | No
|
| Stock symbol: | OTCBB: FONU
|
|
|
| LG note
|
| Amount: | $10,000
|
| Maturity: | March 7, 2017
|
| Coupon: | 8%
|
| Warrants: | No
|
| Investor: | LG Capital
|
| Settlement date: | March 7
|
|
|
| SBI note
|
| Amount: | $10,000
|
| Maturity: | March 7, 2017
|
| Coupon: | 8%
|
| Warrants: | No
|
| Investor: | SBI Investments
|
| Settlement date: | March 7
|
|
|
| CareBourn note
|
| Amount: | $13,000
|
| Maturity: | Dec. 11, 2016
|
| Coupon: | 12%
|
| Warrants: | No
|
| Investor: | CareBourn Capital LP
|
| Settlement date: | March 11
|
|
|
|
|
|
|
© 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.
