One-year 8% convertible debt was issued to lone investor Greg Painter
By Devika Patel
Knoxville, Tenn., March 6 - Del Toro Silver Corp. settled an 8% convertible loan financing with Greg Painter for $10,000 on Feb. 27, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The one-year loan is convertible into common stock at $0.10 per share, which is a 150% premium to the Feb. 26 closing share price of $0.04.
Del Toro is a silver explorer based in Vancouver, B.C.
| Issuer: | Del Toro Silver Corp.
|
| Issue: | Convertible loan
|
| Amount: | $10,000
|
| Maturity: | One year
|
| Coupon: | 8%
|
| Conversion price: | $0.10
|
| Warrants: | No
|
| Investors: | Greg Painter
|
| Settlement date: | Feb. 27
|
| Stock symbol: | OTCBB: DTOR
|
| Stock price: | $0.04 at close Feb. 26
|
| Market capitalization: | $826,990
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
