Growth Capitalist (https://growthcapitalist.com/tag/convertible-debt/page/46/)
Diamondhead Casino Corporation (DHCC) announced that it has raised $1,000,000 in a Convertible Debentures transaction. Henley & Company LLC acted as the exclusive agent on the transaction. Note that this Placement may fund in three tranches. The first tranche of $1,000,000 funded on 04/02/2014 and two additional $1,000,000 tranches are contingent upon certain events. via PlacementTracker.
Boldface Group Inc. (BLBK) announced that it has raised $1,000,000 in a Convertible Senior Secured Debentures transaction. The fixed conversion price of the Convertible Senior Secured Debentures is $0.03 per share, an approximate 205.26% premium to the market price ($0.01) of BLBK at deal announcement. A series of 34,586,823 60-Month Warrants with an exercise price of $0.04 per share (268.42% premium) was issued to the investor in this transaction. The investor was Hillair Capital Investment. Issuer counsel was Gottbetter & Partners and investor counsel was Ellenoff Grossman & Schole.
Wet Seal, Inc. (The) (WTSL) announced that it has raised $27,000,000 in a Self-Amortizing Convertible Senior Notes transaction. The fixed conversion price of the Convertible Senior Notes is $1.84 per share, an approximate 5.14% premium to the market price ($1.75) of WTSL at deal announcement. A series of 8,804,348 60-Month Warrants with an exercise price of $2.12 per share (21.14% premium) was issued to the investors in this transaction. Cowen and Company, LLC acted as the exclusive agent on the transaction. The investor was Hudson Bay Master Fund Limited.
Lustros Inc. (LSTS) announced that it has raised $1,400,000 in a Convertible Promissory Notes transaction. The fixed conversion price of the Convertible Promissory Notes is $0.16 per share, an approximate 46.79% premium to the market price ($0.109) of LSTS at deal announcement. A series of 1,750,000 36-Month Warrants with an exercise price of $0.25 per share (129.4% premium) was issued to the investors in this transaction. The Investors include officers of the Company and members of the board of directors. via PlacementTracker.
