CA - iSIGN Media launches convertible debenture

• iSIGN Media Solutions ( OTCPK:ISDSF ) on Tuesday announced that it intends to complete a financing by way of a convertible promissory note for aggregate gross proceeds of $30,000.
• The note will have a term of one year and will accrue interest at a rate of 12% per annum, payable upon maturity.
• The principal can, at the note holder’s option, be converted into units of the company at a price equal to $0.05 per unit.
• Each unit shall be comprised of one common share of the company and one common share purchase warrant.
• Each warrant shall be exercisable to acquire one common share of the company for a period of two years following the date of issuance of the warrant at an exercise price of $0.075.
• All shares will be subject to a minimum hold period of 4 months from the date of issue of the note.

For further details see: