New Issue: Thinkpath closes $1.4 million term note offering with warrants

By Sheri Kasprzak

New York, July 10 - Thinkpath, Inc. wrapped a $1.4 million private placement of promissory notes with Laurus Master Fund, Ltd.

The notes are due June 30, 2009 and bear interest at Prime rate plus 200 basis points.

Laurus received warrants for 1,810,674 shares, exercisable at $0.001 exercisable until June 30, 2016.

Based in Brampton, Ont., Thinkpath is an engineering management, technical publishing and consulting company.

Issuer:	Thinkpath, Inc.
Issue:	Promissory notes
Amount:	$1.4 million
Maturity:	June 30, 2009
Coupon:	Prime rate plus 200 basis points
Warrants:	For 1,810,674 shares
Warrant expiration:	June 30, 2016
Warrant strike price:	$0.001
Investor:	Laurus Master Fund, Ltd.
Settlement date:	June 30
Stock symbol:	OTCBB: THPHF
Stock price:	$0.26 at close June 30

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