Wolverton assists in selling 12% three-year debentures with warrants
By Devika Patel
Knoxville, Tenn., Sept. 20 - VoodooVox Inc. said it sold C$1 million more of 12% three-year debentures in the second tranche of a C$7.5 million private placement. Wolverton Securities Ltd. is the agent for the deal, which raised C$1.84 million on Aug. 14.
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$7.5 million
|
| 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: | Wolverton Securities Ltd.
|
| Settlement date: | Aug. 14 (for C$1,837,000), Sept. 20 (for C$1 million)
|
| Stock symbol: | Toronto: VVX
|
| Stock price: | C$0.02 at close Aug. 13
|
| Market capitalization: | C$3.86 million
|
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