Promissory note due Nov. 13, 2013 was purchased by Asher Enterprises
By Devika Patel
Knoxville, Tenn., Feb. 27 - Graystone Co. Inc. sold a $78,500 unsecured convertible promissory note to Asher Enterprises, Inc. on Feb. 21, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The 8% note is due Nov. 13, 2013. It may be prepaid.
Proceeds will be used as general working capital.
Graystone is a Las Vegas-based gold, silver and precious metals mining company.
| Issuer: | Graystone Co. Inc.
|
| Issue: | Unsecured convertible promissory note
|
| Amount: | $78,500
|
| Maturity: | Nov. 13, 2013
|
| Coupon: | 8%
|
| Call: | Yes
|
| Warrants: | No
|
| Investor: | Asher Enterprises, Inc.
|
| Settlement date: | Feb. 21
|
| Stock symbol: | OTCBB: GYST
|
| Stock price: | $0.00 at close Feb. 20
|
| Market capitalization: | $1.33 million
|
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