Company sells 10% convertibles due Feb. 28, 2014 in private placement
By Devika Patel
Knoxville, Tenn., Aug. 29 - Clicker Inc. settled a $50,000 convertible debenture private placement with Millennium Investment Realty, LLC on Aug. 28, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The 10% debenture is convertible into common shares at a conversion price equal to 50% of the lowest closing price of the stock during the 10 trading days immediately preceding the conversion date. The note matures Feb. 28, 2014.
The web publisher and internet brand builder is based in Bay Harbor Islands, Fla.
| Issuer: | Clicker Inc.
|
| Issue: | Convertible debenture
|
| Amount: | $50,000
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| Maturity: | Feb. 28, 2014
|
| Coupon: | 10%
|
| Conversion price: | 50% of the lowest closing price of the stock during the 10 trading days immediately preceding the conversion date
|
| Warrants: | No
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| Investor: | Millennium Investment Realty, LLC
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| Settlement date: | Aug. 28
|
| Stock symbol: | OTCBB: CLKZ
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| Stock price: | $0.20 at close Aug. 27
|
| Market capitalization: | $97,200
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