New Issue: Octavian Global settles $4 million discounted convertible debentures placement

By Devika Patel

Knoxville, Tenn., May 20 - Octavian Global Technologies, Inc. settled a $4.0 million private placement of discounted secured convertible debentures on May 14, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The $4.4 million principal amount of debentures are convertible into common stock at $2.10 per share.

The offering includes 283,587 common shares, five-year warrants for 645,161 common shares, exercisable at $3.10, and seven-year warrants for 645,161 common shares, exercisable at $4.65.

Based in Surrey, England, Octavian Global Technologies is a provider of end-to-end suites of gaming systems and products.

Issuer:	Octavian Global Technologies, Inc.
Issue:	Convertible debentures, 283,587 common shares
Amount:	$4,395,600
Price:	91
Conversion price:	$3.10
Warrants:	For 1,290,322 shares
Warrant expiration:	Five years (for 645,161 shares), seven years (for 645,161 shares)
Warrant strike price:	$3.10 (for 645,161 shares), $4.65 (for 645,161 shares)
Settlement date:	May 14
Stock symbol:	OTCBB: OCTV
Stock price:	$8.00 at close May 14

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