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Article: Smartsales Announces Conversion of Secured Convertible Bonds and Exercise of Warrants.
- Article from:
- Business Wire
- Article date:
- March 22, 2000
CopyrightCOPYRIGHT 2000 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
TORONTO--(BUSINESS WIRE)--March 22, 2000
SmartSales Inc. (CDNX:SA.) announced today that secured convertible bonds issued by the Company in November 1997 to Nigel Stokes and Roman Corporation Limited had been converted into 1,973,645 common shares.
The conversion of the bonds resulted in the issue of 1,125,394 shares to Nigel Stokes, and 848,251 shares to Roman Corporation Limited. Mr. Stokes is Chairman and a director of SmartSales and an officer and director of Roman Corporation Limited is also a director of SmartSales.
The bonds had a total face value at conversion of $549,776 plus accrued interest of $141,000. Mr. ...