VoodooVox settles C$525,000 of C$7.5 million placement of debentures

Wolverton assists in selling 12% three-year debentures with warrants

By Devika Patel

Knoxville, Tenn., Jan. 31 - VoodooVox Inc. said it sold C$525,000 more of 12% three-year debentures in the fourth 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, C$1 million on Sept. 20 and C$625,000 on Dec. 3.

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), Dec. 3 (for C$625,000), Jan. 31 (for C$525,000)
Stock symbol:	Toronto: VVX
Stock price:	C$0.02 at close Aug. 13
Market capitalization:	C$973,610

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