Lattice raises $356,250 through $375,000 discounted 14% loan agreement

Investor Cantone Asset also gets 600,000 common shares through deal

By Devika Patel

Knoxville, Tenn., March 7 – Lattice Inc. settled a $375,000 loan agreement with Cantone Asset Management LLC for $356,250, which reflects a 5% original issue discount, on Feb. 25, according to an 8-K filed Monday with the Securities and Exchange Commission.

The 14% promissory note matures Aug. 26, 2016.

Cantone also received 600,000 common shares.

The telecommunications company is based in Pennsauken, N.J.

Issuer:	Lattice Inc.
Issue:	Loan, 600,000 common shares
Amount:	$375,000
Maturity:	Aug. 26, 2016
Price:	$356,250, a 5% original issue discount
Coupon:	14%
Warrants:	No
Investor:	Cantone Asset Management LLC
Settlement date:	Feb. 25
Stock symbol:	OTCBB: LTTC
Stock price:	$0.04 at close Feb. 24
Market capitalization:	$2.41 million

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