CrossOff extends term for 9% convertible debentures to Aug. 31

By Jennifer Chiou

New York, June 1 - CrossOff Inc. announced it amended its 9% unsecured convertible subordinated debentures due May 31, extending the term to Aug. 31.

Under the amendment, if CrossOff completes a financing for the purpose of repaying the debentures, then the maturity date will be accelerated to 10 days after completion of the financing if that date is before Aug. 31.

The company requested approval from holders of the debentures on May 8.

Based in Halifax, Nova Scotia, CrossOff is a corporate training and consulting company.

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