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Skinny Nutritional to convert $2.08 million in outstanding convertible debentures
By Sheri Kasprzak
New York, Feb. 6 - Skinny Nutritional Corp. has agreed to convert $2.075 million in convertible debentures.
The company will convert the debentures, which make up the majority of its $2.515 million in outstanding debentures, into 20.75 million common shares at $0.10 each.
Based in Bala Cynwyd, Pa., Skinny Nutritional markets and distributes bottled water and dietary supplements.
On Tuesday, the company's stock jumped 13.89%, or 5 cents, to close at $0.41 (OTCBB: SKNY).
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