Company sells 6% secured convertible debentures due 2014 in offering
By Devika Patel
Knoxville, Tenn., Jan. 10 - One2One Living Corp. settled a $100,000 private placement of 6% senior secured convertible debentures on Dec. 9, according to an 8-K filed Friday with the Securities and Exchange Commission.
The debenture matures on Jan. 6, 2014. The note is convertible into common shares at 62% of the lowest daily volume weighted average price of the stock for the 10 trading days preceding the conversion.
The online media company and information service provider is based in Merritt Island, Fla.
| Issuer: | One2One Living Corp.
|
| Issue: | Senior secured convertible debenture
|
| Amount: | $100,000
|
| Maturity: | Jan. 6, 2014
|
| Coupon: | 6%
|
| Conversion price: | 62% of the lowest daily volume weighted average price of the stock for the 10 trading days preceding the conversion
|
| Warrants: | No
|
| Settlement date: | Dec. 9
|
| Stock symbol: | OTCBB: LOVI
|
| Stock price: | $0.08 at close Dec. 6
|
| Market capitalization: | $4.28 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
