By Devika Patel
Knoxville, Tenn., July 7 - Allora Minerals, Inc. completed a $2 million private placement of an 11% secured convertible debenture with Chandra Pemmasani on June 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The note is due on June 30, 2011. It is convertible into common shares.
The investor also received warrants.
Allora is based in Melbourne, Australia.
| Issuer: | Allora Minerals, Inc.
|
| Issue: | Secured convertible debenture
|
| Amount: | $2 million
|
| Maturity: | June 30, 2011
|
| Coupon: | 11%
|
| Price: | Par
|
| Yield: | 11%
|
| Warrants: | Yes
|
| Investor: | Chandra Pemmasani
|
| Settlement date: | June 30
|
| Stock symbol: | OTCBB: ALRL
|
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