Fantasy Aces wraps $1.62 million placements of convertibles, stock

24% debenture converts at $0.05 per share; shares sold at $0.025 each

By Devika Patel

Knoxville, Tenn., March 31 – Fantasy Aces Daily Fantasy Sports Corp. said it settled a $138,460 private placement of 24% one-year convertible debentures and a $1,484,600 private placement of stock.

The company sold 59,384,000 common shares at $0.025 per share.

The debenture converts to common stock at $0.05 per share.

The Aliso Viejo, Calif., company’s website focused on everyday skill-based fantasy sports games.

Issuer:	Fantasy Aces Daily Fantasy Sports Corp.
Issue:	Convertible debentures, common stock
Amount:	$1,623,060
Warrants:	No
Settlement date:	March 31
Stock symbol:	TSX Venture: FAS
Stock price:	C$0.04 at close March 30
Market capitalization:	C$4.5 million
Convertibles
Amount:	$138,460
Maturity:	One year
Coupon:	24%
Conversion price:	$0.05
Conversion premium:	9.92%
Shares
Amount:	$1,484,600
Shares:	59,384,000
Price:	$0.025

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