8% convertible due Oct. 15, 2014 sold to Asher Enterprises in deal
By Devika Patel
Knoxville, Tenn., Jan. 17 - Liberty Coal Energy Corp. sold a $9.5 million 8% convertible note to Asher Enterprises, Inc. on Jan. 14, according to an 8-K filed Friday with the Securities and Exchange Commission. The deal priced Jan. 13.
The note is convertible into common stock. It matures on Oct. 15, 2014.
The coal company is based in Carlsbad, Calif.
| Issuer: | Liberty Coal Energy Corp.
|
| Issue: | Convertible note
|
| Amount: | $9.5 million
|
| Maturity: | Oct. 15, 2014
|
| Coupon: | 8%
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 14
|
| Stock symbol: | OTCBB: LBTG
|
| Market capitalization: | $30,500
|
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