Deal sells 12% convertible promissory note maturing on Sept. 26, 2016
By Devika Patel
Knoxville, Tenn., Sept. 30 - Mobile Gaming International Corp. sold a $50,000 convertible promissory note on Sept. 26, according to an 8-K filed Monday with the Securities and Exchange Commission.
The 12% convertible is due on Sept. 26, 2016. The notes are convertible into common stock at a conversion price equal to 65% of the average closing price of the stock for the five trading days preceding conversion.
The software company is based in Marbella, Spain.
| Issuer: | Mobile Gaming International Corp.
|
| Issue: | Convertible promissory note
|
| Amount: | $50,000
|
| Maturity: | Sept. 26, 2016
|
| Coupon: | 12%
|
| Conversion price: | 65% of the average closing price of the stock for the five trading days preceding conversion
|
| Warrants: | No
|
| Settlement date: | Sept. 26
|
© 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.
