Investor Oren Azuley buys notes due March 31, 2018 and 50,000 shares
By Devika Patel
Knoxville, Tenn., April 6 – Blow & Drive Interlock Corp. sold a $50,000 nonconvertible promissory note to Oren Azuley on April 4, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The 18% note matures on March 31, 2018.
Azuley also received 50,000 common shares.
The Beverly Hills, Calif., company develops and distributes a breath alcohol ignition interlock device.
| Issuer: | Blow & Drive Interlock Corp.
|
| Issue: | Nonconvertible promissory note, 50,000 common shares
|
| Amount: | $50,000
|
| Maturity: | March 31, 2018
|
| Coupon: | 18%
|
| Warrants: | No
|
| Investor: | Oren Azuley
|
| Announcement date: | April 6
|
| Settlement date: | April 4
|
| Stock symbol: | OTCBB: BDIC
|
| Stock price: | $0.65 at close April 5
|
| Market capitalization: | $9.75 million
|
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