Offering of 5% debentures due Sept. 30, 2013 conducted with Andurja
By Devika Patel
Knoxville, Tenn., Oct. 1 - MedMira Inc. said it plans a private placement of convertible debentures with Andurja AG. The offering will raise C$1 million.
The 5% debentures are convertible into shares at C$0.05 per share and mature on Sept. 30, 2013.
The strike price represents a 42.86% premium to the Sept. 30 closing share price of C$0.035.
MedMira, based in Halifax, N.S., manufactures and markets in vitro flow-through rapid diagnostic tests.
| Issuer: | MedMira Inc.
|
| Issue: | Convertible debentures
|
| Amount: | C$1 million
|
| Maturity: | Sept. 30, 2013
|
| Coupon: | 5%
|
| Conversion price: | C$0.05
|
| Warrants: | No
|
| Investor: | Andurja AG
|
| Pricing date: | Oct. 1
|
| Stock symbol: | TSX Venture: MIR
|
| Stock price: | C$0.035 at close Oct. 1
|
| Market capitalization: | C$7.05 million
|
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