Business Services Industry
Series "G" Redeemable 10 Percent Convertible Debenture
Business Wire, Sept 3, 1997
RICHMOND, B.C.--(BUSINESS WIRE)--Sept. 3, 1997--UniComm Signal Inc. (OTC/BB:UCSI) (VcSE:USI) has arranged a private placement of a $380,000 convertible debenture.
The debenture carries an interest rate of 10 percent per annum and a term of three years. The debenture will be convertible into units at a price of 35 cents per unit if converted during the first year, 45 cents if converted during the second year and 55 cents if converted during the third year.
Each unit will consist of one common share and one two-year non-transferable share purchase warrant. The proceeds of the financing will be used for working capital. This private placement is subject to regulatory approval. -0- NOTE: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
CONTACT: UniComm Signal Inc.
Doug Martin/Ken MacDonald, 800/982-2001
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