VoodooVox wraps C$3.46 million private placement of 12% debentures

Wolverton participates in sale of three-year debentures with warrants

By Devika Patel

Knoxville, Tenn., Dec. 3 - VoodooVox Inc. said it sold C$625,000 more of 12% three-year debentures in the third and final tranche of a C$3.46 million private placement. Wolverton Securities Ltd. participated in the non-brokered deal, which raised C$1.84 million on Aug. 14 and C$1 million on Sept. 20. The company had planned to raise C$7.5 million.

Investors also received 3,000 three-year warrants for each C$1,000 invested. Each warrant is exercisable at C$0.02, which is identical to the Aug. 13 closing share price.

Calgary, Alta.-based VoodooVox, formerly Call Genie, provides voice-enabled mobile local search services.

Issuer:	VoodooVox Inc.
Issue:	Debentures
Amount:	C$3,462,000
Maturity:	Three years
Coupon:	12%
Warrants:	3,000 warrants for each C$1,000 invested
Warrant expiration:	Three years
Warrant strike price:	C$0.02
Agent:	Non-brokered
Investor:	Wolverton Securities Ltd.
Settlement dates:	Aug. 14 (for C$1,837,000), Sept. 20 (for C$1 million), Dec. 3 (for C$625,000)
Stock symbol:	Toronto: VVX
Stock price:	C$0.02 at close Aug. 13
Market capitalization:	C$973,610

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.