Published on 12/31/2014 in the Prospect News PIPE Daily.
Next Galaxy raises $280,000 through private placement of convertibles
Typenex buys secured convertible promissory note due on Oct. 25, 2015
By Devika Patel
Knoxville, Tenn., Dec. 31 – Next Galaxy Corp. sold a $280,000 secured convertible promissory note to Typenex Co-Investment, LLC on Nov. 25, according to an 8-K filed Friday with the Securities and Exchange Commission. The note priced on Nov. 24.
The note due on Oct. 25, 2015 and is convertible into common shares.
The entertainment technology company is based in Miami Beach, Fla.
| Issuer: | Next Galaxy Corp.
|
| Issue: | Secured convertible promissory note
|
| Amount: | $280,000
|
| Maturity: | Oct. 25, 2015
|
| Warrants: | No
|
| Investor: | Typenex Co-Investment, LLC
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 25
|
| Stock symbol: | OTCBB: NXGA
|
| Stock price: | $0.18 at close Nov. 21
|
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