Convertible promissory note due April 10, 2013 was purchased by Asher
By Devika Patel
Knoxville, Tenn., Sept. 4 - League Now Holdings Corp. sold a $27,500 convertible promissory note to Asher Enterprises, Inc. on Aug. 29, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The 8% note is due April 10, 2013 and may be converted into common shares at 60% of the average of the lowest three trading prices for the stock during the 10 trading days preceding the conversion date. It may be prepaid at 135.
The Brecksville, Ohio-based reseller of Microsoft and McAfee products markets its managed information technology services to small to medium businesses.
| Issuer: | League Now Holdings Corp.
|
| Issue: | Convertible promissory note
|
| Amount: | $27,500
|
| Maturity: | April 10, 2013
|
| Coupon: | 8%
|
| Conversion price: | 60% of the average of the lowest three trading prices for the stock during the 10 trading days preceding the conversion date
|
| Call option: | At 135
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Settlement date: | Aug. 29
|
| Stock symbol: | OTCBB: LNWZ
|
| Stock price: | $0.05 at close Aug. 28
|
| Market capitalization: | $2.67 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
