10% note is due Nov. 21, 2014, sold to lone investor Jason St. Pierre
By Devika Patel
Knoxville, Tenn., Dec. 2 - Global Equity International, Inc. settled a $450,000 private placement of convertible notes with Jason St. Pierre on Nov. 29, according to an 8-K filed Monday with the Securities and Exchange Commission.
The 10% note is due on Nov. 21, 2014 and is convertible into common shares at $0.50 per share, which is a 316.67% premium to the Nov. 27 closing share price of $0.12.
The Dubai company provides corporate advisory services to companies desiring to list their shares on stock exchanges or quoted on quotation bureaus.
| Issuer: | Global Equity International, Inc.
|
| Issue: | Convertible note
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| Amount: | $450,000
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| Maturity: | Nov. 21, 2014
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| Coupon: | 10%
|
| Conversion price: | $0.50
|
| Warrants: | No
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| Investor: | Jason St. Pierre
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| Settlement date: | Nov. 29
|
| Stock symbol: | OTCBB: GEQU
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| Stock price: | $0.12 at close Nov. 27
|
| Market capitalization: | $3.72 million
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