Six-month convertible promissory note sold with 400,000 common shares
By Devika Patel
Knoxville, Tenn., June 26 - OSL Holdings, Inc. sold a $200,000 convertible promissory note on June 21, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The 10% note is due in six months and may be converted into common shares.
The company also sold 400,000 common shares to the noteholder for $400.
The New York company markets and distributes office products.
| Issuer: | OSL Holdings, Inc.
|
| Issue: | Convertible promissory note, 400,000 common shares
|
| Amount: | $200,400
|
| Maturity: | Six months
|
| Coupon: | 10%
|
| Warrants: | No
|
| Settlement date: | June 21
|
| Stock symbol: | OTCBB: OSLH
|
| Stock price: | $0.04 at close June 20
|
| Market capitalization: | $3.07 million
|
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