VSBLTY Announces Private Placement Let By Echelon Wealth Partners

VSBLTY

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTCPK:VSBGF) announced Tuesday that Echelon Wealth Partners Inc. will act as the leading agent and sole book-runner of a brokered private placement of $1,000 principal amount 10% convertible unsecured debentures for gross proceeds of up to $3 million.

According to the company’s press release, the debentures will bear interest at a rate of 10% per annum on an accrual basis, will be calculated and payable on a semi-annually, and will mature 24 months after the date of issuance.

The principal amount may be convertible at any time before the ...

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