By Sheri Kasprzak
New York, March 6 - Amadeus International Inc. said it wrapped its previously announced C$1 million private placement after the investor decided not to exercise its option to purchase an additional C$400,000 in principal of convertible debentures.
The debentures mature Feb. 9, 2008 and bear interest at 15% annually if the company pays interest in shares and at 10% annually if it pays interest in cash.
The debentures are convertible at C$0.15 each.
The offering includes warrants for up to 3.08 million shares. The warrants are exercisable at C$0.225 each for two years.
Based in Quebec City, Amadeus develops web-based software used to regulate business processes and corporate governance.
| Issuer: | Amadeus International Inc.
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| Issue: | Convertible debentures
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| Amount: | C$1 million
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| Maturity: | Feb. 9, 2008
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| Coupon: | 10% (if interest is paid in cash), 15% (if interest is paid in stock)
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| Conversion price: | C$0.15
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| Warrants: | For up to 3.08 million shares
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.225
|
| Settlement date: | Feb. 9
|
| Stock symbol: | TSX Venture: AML
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| Stock price: | C$0.15 at close Feb. 9
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