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Newtown Lane extends the maturity date of convertible promissory notes
Note held by Ironbound Partners now due a year later on Aug. 31, 2016
By Devika Patel
Knoxville, Tenn., Nov. 20 – Newtown Lane Marketing, Inc. amended its convertible promissory note and convertible note held by Ironbound Partners Fund, LLC on Nov. 18, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The notes were sold on July 25, 2014.
The note is now set to mature on Aug. 31, 2016, extended from Aug. 31, 2015, effective Sept. 1.
The Chatham, N.J., company does not have significant operations.
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