VSBLTY Closes Convertible Debenture Offering of $745,000


Good news came today from VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTCPK:VSBGF), as the company announced it closed a convertible debenture offering for $745,500 in gross proceeds.

The debenture, which is payable 24 months after the issuance of the proceeds on July 18, 2019, bears 10 percent yearly interest on an accrual basis and is payable twice a year. Together with any unpaid interest, the debenture may be converted into units of VSBLTY. If converted within the first year of the issuance, the units will be priced at $0.045 each. If converted in the second year, the ...

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