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$115.00

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Macro Enterprises Inc Announces Issuance Of Common Shares Upon Conversion Of Loan


Monday, 24 Jun 2013 07:32pm EDT 

Macro Enterprises Inc announced that pursuant to the terms of a Convertible Loan Agreement dated July 7, 2006, as amended, (the "Convertible Loan Agreement"), it has issued an aggregate of 3,792,698 Common shares in satisfaction of $5,689,051, being the aggregate principal amount of the loan at a conversion price of $1.50 per Common share. Certain of the lenders to whom Common shares were issued upon such conversion, namely Frank Miles, Mark Dodge and Hugh Sewell, are insiders of Macro. 

Company Quote

4.35
0.0 +0.00%
3:59pm EDT