the "Company") issued a press release announcing that it had entered into an agreement with Cornell wherein terms were defined for the full redemption of the 7% secured convertible debentures
issued on March 10, 2006 and the 7% secured convertible debentures
issued on March 14, 2006, and for the concurrent cancellation of certain warrants to purchase 16,250,000 shares of the Company's common stock.
The Company made its November convertible debenture
monthly payment of principal and interest in cash and plans to make its December payment in cash.
Dodge also said that, in connection with the $5 million secured convertible debenture
, NeoMedia and Cornell entered into a Pledge and Security Agreement, pursuant to which NeoMedia pledged all of its assets as security for the convertible debenture
The Corporation believes that the capital infusion, partial debt forgiveness and the extension of time until the repayment of principal may be demanded on the Secured Convertible Debenture
will provide the Corporation with the working capital necessary to continue to implement its business plan in attempt to ultimately achieve profitability.
loan agreement dated as of Sept.
70 per share, the convertible debenture
and the warrant described above and a secured promissory note in the principal amount of Cdn $500,000.
OTCBB:EPCG) announced today it entered into a securities purchase agreement for the sale of $635,000 in 3-year, 6% convertible debentures
to its current primary lender.
Holders of the Convertible Debentures
will have the right to have Inco redeem these Debentures at their issue price plus accrued interest on March 7 in each of 2010, 2014 and 2018.
Mandalay may redeem all or some of the convertible debentures
for cash at any time on or after March 21, 2008, at their accredited principal amount plus accrued and unpaid interest, if any, to the redemption date .
To the extent that holders of the called 5% Convertible Debentures
do not convert their 5% Convertible Debentures
into common stock of Meridian Bioscience, such 5% Convertible Debentures
will be redeemed on March 1, 2007, at a redemption price of $1,010 per $1,000 face amount, plus accrued and unpaid interest to March 1, 2007.
The offering and sale of the Convertible Debentures
and the Subordinated Convertible Debentures
have been made pursuant to Rule 144A under the U.
In TO359 transmitted at 14:05e on February 26, 2007, Algonquin Power Income Fund would like to make a correction to the maturity date for one of the convertible debenture