By Devika Patel
Knoxville, Tenn., Nov. 18 - Advanced ID Corp. said it will sell C$3 million of its 6% convertible debentures in a private placement with La Jolla Cove Investors.
The three debentures will each have a face value of C$1 million.
They mature in one year.
The microchip identification technology manufacturer is based in Calgary, Alta.
| Issuer: | Advanced ID Corp.
|
| Issue: | Convertible debentures
|
| Amount: | C$3 million
|
| Maturity: | One year
|
| Coupon: | 6%
|
| Price: | Par of C$1 million
|
| Yield: | 6%
|
| Warrants: | No
|
| Pricing date: | Nov. 18
|
| Stock symbol: | OTCBB: AIDO
|
| Stock price: | $0.10 at close Nov. 17
|
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