WINNIPEG, MB--(Marketwired - December 16, 2016) - Novra Technologies Inc. ("Novra") (
Novra issued a $300 thousand unsecured convertible promissory note ("Convertible Debenture") to InfoMagnetics Technologies Inc. ("IMT"), with the following key terms:
Conversion price: Convertible into Novra common shares at a price of $0.12 and convertible any time after June 15, 2017 until January 2, 2018.
Maturity date: January 2, 2018
Interest rate: 4% per annum
The Convertible Debenture was used to partially settle the $681 thousand unsecured promissory note due to IMT. There was no finder's fee on this private placement.
About Novra Technologies Inc.:
Novra (
For more information visit: www.novra.com and www.datacast.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
CONTACT FOR NOVRA:
Harris Liontas
President & CEO
+1 204 989 4632
hliontas@novra.com
Steven Archambault
Chief Financial Officer
+1 613 596 4120 ext. 2296
sarchambault@datacast.com