Company offers 10% two-year convertible debentures in deal
By Devika Patel
Knoxville, Tenn., Feb. 26 - International Isotopes Inc. settled a $1.06 million private placement of 10% convertible debentures on Feb. 20, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The debentures, which mature in two years, are initially convertible into common stock at $0.14 per share, a 6.67% discount to the Feb. 19 closing share price of $0.15. The company may force conversion.
International Isotopes is a medical technology company based in Idaho Falls, Idaho.
| Issuer: | International Isotopes Inc.
|
| Issue: | Convertible debentures
|
| Amount: | $1.06 million
|
| Maturity: | Two years
|
| Coupon: | 10%
|
| Conversion price: | $0.14
|
| Call: | Yes
|
| Warrants: | No
|
| Settlement date: | Feb. 20
|
| Stock symbol: | OTCBB: INIS
|
| Stock price: | $0.15 at close Feb. 19
|
| Market capitalization: | $50.4 million
|
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