September 21, 2016 / 2:52 PM / 10 months ago

BRIEF-Smart Employee Benefits announces two proposed convertible note offerings of up to $1.3 million each

1 Min Read

Sept 21 (Reuters) - Smart Employee Benefits Inc :

* Company intends to complete two private placement offerings each consisting of up to $1.3 million of principal of convertible promissory notes

* First offering to consist of unsecured notes that will have one-year term, principal amount to be convertible at $0.30 per share

* One-Year notes will bear interest at 12% per annum, with interest calculated and payable monthly in arrears Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below