Re: 8k.. these are the shares in question: Augu
Post# of 30028
Posted On: 07/08/2014 12:02:59 AM
Re: 8k.. these are the shares in question:
August 19, 2013, the company entered into a securities purchase agreement, Series-D 8% Convertible Preferred Stock financing, with Dominion Capital, LLC to issue an aggregate of 1,300 shares of Series-D convertible preferred stock (stated value $1,000 per share) in exchange for Dominion assuming certain former trade payable obligations of Amarantus $1.169 million. The shares are initially convertible at $0.03 per common share which equals 33,333 shares of common stock for each share of Series-D convertible preferred stock. Dominion received a 10% original issue discount and will receive an 8% annual dividend payable quarterly.
August 19, 2013, the company entered into a securities purchase agreement, Series-D 8% Convertible Preferred Stock financing, with Dominion Capital, LLC to issue an aggregate of 1,300 shares of Series-D convertible preferred stock (stated value $1,000 per share) in exchange for Dominion assuming certain former trade payable obligations of Amarantus $1.169 million. The shares are initially convertible at $0.03 per common share which equals 33,333 shares of common stock for each share of Series-D convertible preferred stock. Dominion received a 10% original issue discount and will receive an 8% annual dividend payable quarterly.
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