HUGE NEWS GIGL debt conversions over!!!!!!!!!!!!!!
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Posted On: 03/23/2017 11:27:47 AM
HUGE NEWS GIGL debt conversions over!!!!!!!!!!!!!!!!!!!!!
Giggles N’ Hugs Announces full Debt Conversion with Iconic
Los Angeles, Feb. 16, 2017 (GLOBE NEWSWIRE) -- Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, is pleased to announce that the Company has repaid its 8% Convertible Note issued to Iconic Holdings, LLC (Iconic) on December 21, 2015, and as later amended. Pursuant to the terms of the convertible note, over the past six months Iconic converted $191,000 into shares of common stock.
“ We are pleased that Iconic converted the entire balance of their convertible debt holdings into common shares of our Company. With most if not all of the shares converted and sold over the past six months, we anticipate that this will result in a decrease of continued selling pressure on the Company's securities ,” commented Joey Parsi, founder and Chief Executive Officer of Giggles N’ Hugs.
“ This is yet another important step forward for us as we move ahead on our plans to expand. “ The company is speaking with a number of investment banks to engage in order to secure more traditional financing options for the needed expansion capital, Parsi continued. With the Iconic note out of the way, we are very much looking forward to a great 2017 and beyond .
http://www.otcmarkets.com/stock/GIGL/news/Gig...66&b=y
Giggles N’ Hugs Announces full Debt Conversion with Iconic
Los Angeles, Feb. 16, 2017 (GLOBE NEWSWIRE) -- Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, is pleased to announce that the Company has repaid its 8% Convertible Note issued to Iconic Holdings, LLC (Iconic) on December 21, 2015, and as later amended. Pursuant to the terms of the convertible note, over the past six months Iconic converted $191,000 into shares of common stock.
“ We are pleased that Iconic converted the entire balance of their convertible debt holdings into common shares of our Company. With most if not all of the shares converted and sold over the past six months, we anticipate that this will result in a decrease of continued selling pressure on the Company's securities ,” commented Joey Parsi, founder and Chief Executive Officer of Giggles N’ Hugs.
“ This is yet another important step forward for us as we move ahead on our plans to expand. “ The company is speaking with a number of investment banks to engage in order to secure more traditional financing options for the needed expansion capital, Parsi continued. With the Iconic note out of the way, we are very much looking forward to a great 2017 and beyond .
http://www.otcmarkets.com/stock/GIGL/news/Gig...66&b=y
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