By Devika Patel
Knoxville, Tenn., June 24 - iseemedia Inc. said it arranged a C$1 million loan with GC-Global Capital Corp.
The one-year secured loan carries a 12% coupon. The investor also will received 1.5 million common shares.
Proceeds will be used for growth opportunities.
iseemedia is a software developer based in Toronto.
| Issuer: | iseemedia Inc.
|
| Issue: | Loan, 1.5 million common shares
|
| Amount: | C$1 million
|
| Maturity: | One year
|
| Coupon: | 12%
|
| Price: | Par
|
| Yield: | 12%
|
| Warrants: | No
|
| Investor: | GC-Global Capital Corp.
|
| Pricing date: | June 24
|
| Stock symbol: | TSX Venture: IEE
|
| Stock price: | C$0.10 at close on June 23
|
| Market capitalization: | C$2.27 million
|
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