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NetCents Technology reprices private placement of discounted convertible debt

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NetCents Technology reprices private placement of discounted convertible debt

NetCents Technology Inc. is repricing the private placement for an aggregate of C$487,500 in discounted convertible debt to C$1.08 per unit from the original conversion price of C$1.59 per unit.

Each unit will be composed of 1 common share of the company and 1 share purchase warrant. Each warrant will entitle the holder to buy 1 share at C$1.08 per share for a 24-month term from the date of issuance of the debt.

The company will use the proceeds from the debt to provide general working capital.