Company sells 10% convertibles due Oct. 26, 2014 in private placement
By Devika Patel
Knoxville, Tenn., Nov. 15 - Clicker Inc. settled a $200,000 convertible debenture private placement with Monroe Milstein on Oct. 26, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The 10% debenture is convertible into common shares at a conversion price equal to 50% of the lowest closing price of the stock during the 10 trading days immediately preceding the conversion date. The note matures Oct. 26, 2014 and may be prepaid without penalty.
The Web publisher and internet brand builder is based in Bay Harbor Islands, Fla.
| Issuer: | Clicker Inc.
|
| Issue: | Convertible debenture
|
| Amount: | $200,000
|
| Maturity: | Oct. 26, 2014
|
| Coupon: | 10%
|
| Conversion price: | 50% of the lowest closing price of the stock during the 10 trading days immediately preceding the conversion date
|
| Call: | Yes
|
| Warrants: | No
|
| Investor: | Monroe Milstein
|
| Settlement date: | Oct. 26
|
| Stock symbol: | OTCBB: CLKZ
|
| Stock price: | $0.05 at close Oct. 25
|
| Market capitalization: | $32,940
|
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