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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.
Issue:Debentures
Amount:C$1,837,000
Maturity:Aug. 13, 2015
Coupon:12%
Warrants:3,000 warrants for each C$1,000 invested
Warrant expiration:Aug. 13, 2015
Warrant strike price:C$0.02
Agent:Wolverton Securities Ltd.
Settlement date:Aug. 14
Stock symbol:Toronto: VVX
Stock price:C$0.02 at close Aug. 13
Market capitalization:C$2.9 million

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