Promissory note due July 8, 2015 was purchased by Asher Enterprises
By Devika Patel
Knoxville, Tenn., Nov. 7 - HDS International Corp. sold a $32,500 convertible promissory note to Asher Enterprises, Inc. on Oct. 22, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced Oct. 4.
The 8% note is due July 8, 2015. The note converts to common stock at a discount to the market price.
HDS is a renewable energy technology company based in Providence, R.I.
| Issuer: | HDS International Corp.
|
| Issue: | Convertible promissory note
|
| Amount: | $32,500
|
| Maturity: | July 8, 2015
|
| Coupon: | 8%
|
| Conversion price: | Discount to the market price
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 22
|
| Stock symbol: | OTCBB: HDSI
|
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