MMRGlobal takes in $50,000 through private placement of convertibles

Los Angeles-based company settles offering of 6% notes in two tranches

By Devika Patel

Knoxville, Tenn., Aug. 3 - MMRGlobal, Inc. settled a $50,000 private placement of 6% convertible promissory notes in two tranches on June 27 and July 10, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Based in Los Angeles, MMRGlobal offers a suite of secure online products that helps consumers and professionals manage their health records.

Issuer:	MMRGlobal, Inc.
Issue:	Convertible promissory notes
Amount:	$50,000
Coupon:	6%
Warrants:	No
Settlement date:	June 27, July 10
Stock symbol:	OTCBB: MMRF
Stock price:	$0.01 at close June 26
Market capitalization:	$6.55 million

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