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Convertible Debenture
(redirected from Debenture, Convertible)

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Convertible Debenture
An unsecured, convertible bond. That is, a convertible debenture is a bond with no collateral that may, at the bondholder's discretion, be exchanged for common stock in the company issuing the bond. See also: Compulsory convertible debenture.


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This private placement consists of a convertible debenture, convertible into units.
On November 21, 2005, the Company entered into a securities purchase agreement with an institutional investor for an aggregate purchase price of $2,500,000, of which the Company has issued (i) a $1,250,000 secured convertible debenture, convertible into shares of our common stock, par value $0.
This private placement will consist of a convertible debenture, convertible into units.
 
 
 
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