Published on 8/14/2012 in the Prospect News PIPE Daily.
VoodooVox sells C$1.84 million of debentures through private placement
Wolverton assists in selling 12% three-year debentures with warrants
By Devika Patel
Knoxville, Tenn., Aug. 14 - VoodooVox Inc. said it sold C$1.84 million of 12% debentures due Aug. 13, 2015 in a private placement. Wolverton Securities Ltd. was the agent.
Investors also received 3,000 warrants for each C$1,000 invested. Each warrant is exercisable at C$0.02 until Aug. 13, 2015. The strike price is identical to the Aug. 13 closing share price.
Calgary, Alta.-based VoodooVox, formerly Call Genie, uses consumer analytics to provide mobile advertising services.
Issuer: | VoodooVox Inc.
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Issue: | Debentures
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Amount: | C$1,837,000
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Maturity: | Aug. 13, 2015
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Coupon: | 12%
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Warrants: | 3,000 warrants for each C$1,000 invested
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Warrant expiration: | Aug. 13, 2015
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Warrant strike price: | C$0.02
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Agent: | Wolverton Securities Ltd.
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Settlement date: | Aug. 14
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Stock symbol: | Toronto: VVX
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Stock price: | C$0.02 at close Aug. 13
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Market capitalization: | C$2.9 million
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