10% one-year convertible promissory notes were sold to Robert Seeley
By Devika Patel
Knoxville, Tenn., May 12 – Rostock Ventures Corp. sold an 8% convertible promissory note to Robert Seeley for $40,000 on May 11, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The notes are due one year from settlement and are convertible into common stock at $0.035 per share, a 56.25% discount to the May 10 closing share price of $0.08.
The digital media marketing company is based in San Diego.
| Issuer: | Rostock Ventures Corp.
|
| Issue: | Convertible promissory notes
|
| Amount: | $40,000
|
| Maturity: | One year
|
| Coupon: | 10%
|
| Conversion price: | $0.035
|
| Warrants: | No
|
| Investor: | Robert Seeley
|
| Settlement date: | May 11
|
| Stock symbol: | OTCBB: ROSV
|
| Stock price: | $0.08 at close May 10
|
| Market capitalization: | $6.15 million
|
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