8% convertible promissory note sold to Asher Enterprises
By Devika Patel
Knoxville, Tenn., Jan. 17 - eCareer Holdings Inc. sold an $83,500 8% convertible promissory note to Asher Enterprises, Inc. on Dec. 27, according to an 8-K filed Friday with the Securities and Exchange Commission.
The note is convertible into common stock at 58% of the market price.
The note can be prepaid at prices ranging from 110 to 130. It matures on Dec. 19, 2014.
The Boca Raton, Fla., company owns specialized online career communities.
| Issuer: | eCareer Holdings Inc.
|
| Issue: | Convertible promissory note
|
| Amount: | $83,500
|
| Maturity: | Dec. 19, 2014
|
| Coupon: | 8%
|
| Conversion price: | 58% of the market price
|
| Call: | Yes, ranging from 110 to 130
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Settlement date: | Dec. 27
|
| Stock symbol: | OTCBB: ECHI
|
| Stock price: | $4.25 at close Dec. 26
|
| Market capitalization: | $25.78 million
|
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