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Visualant revises terms of $1.2 million 10% discounted convertibles
Debentures' maturity extended to Sept. 30, 2013 from Sept. 30, 2012
By Devika Patel
Knoxville, Tenn., Sept. 4 - Visualant, Inc. revised the terms of its $1.2 million 10% original issue discount convertible debentures on Aug. 16, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The company sold the debentures for $1 million in cash on May 19, 2011.
The debentures maturity date was extended to Sept. 30, 2013 from Sept. 30, 2012.
Seattle-based Visualant develops security and authentication systems technology.
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