Rapid Link closes $1 million convertible debenture offering

By Sheri Kasprzak

New York, March 9 - Rapid Link, Inc. said it has concluded a $1 million private placement of two convertible debentures.

The one-year debentures were sold to two investors including Trident Growth Fund, LP.

The full terms of the debentures could not be determined Thursday evening.

Separately, GCA Strategic Investment Fund Ltd. has also extended one of its 6% convertible debentures.

Los Angeles-based Rapid Link is a voice-over-internet protocol provider.

The company's stock closed unchanged at $0.25 Thursday (OTCBB: RPID).

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