New Issue: Hartville Group sells $2.53 million of discounted debentures

By Sheri Kasprzak

New York, May 14 - Hartville Group, Inc. settled a private placement of discounted convertible debentures in principal of $2,531,645 for proceeds of $2 million.

The 7% debentures are due May 2010 and are convertible into common shares at $0.15 each. The debentures are priced at 79.

The investors received warrants for 16,877,683 shares, exercisable at $0.15 each.

Based in Canton, Ohio, Hartville Group is a pet insurance company.

Issuer:	Hartville Group, Inc.
Issue:	Convertible debentures
Amount:	$2,531,645
Proceeds:	$2 million
Maturity:	May 2010
Coupon:	7%
Price:	79
Conversion price:	$0.15
Warrants:	For 16,877,683 shares
Warrant strike price:	$0.15
Settlement date:	May 8
Stock symbol:	OTCBB: HTVL
Stock price:	$0.12 at close May 8

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