WOW Unlimited Media Inc. Announces Closing of First Tranche of Non-brokered Private Placement of Unsecured Convertible Debentures
or the Company) (TSXV: WOW; OTCQX: WOWMF) is pleased to announce that it has closed the first tranche (the First Tranche Closing) of its previously announced non-brokered private placement offering of unsecured subordinated convertible debentures (the Debentures) for gross proceeds of $2,639,000.
- or the Company) (TSXV: WOW; OTCQX: WOWMF) is pleased to announce that it has closed the first tranche (the First Tranche Closing) of its previously announced non-brokered private placement offering of unsecured subordinated convertible debentures (the Debentures) for gross proceeds of $2,639,000.
- issued 2,639 Debentures at an issue price of $1,000 per $1,000 principal amount of Debentures.
- The Debentures were issued pursuant to the terms of a debenture indenture entered into between the WOW!
- The investors subscribing for Debentures in the Second Tranche are fully comprised of holders of the Companys existing convertible debentures which mature on December 14, 2020 (the Existing Debentures).