GRAND POWER LOGISTICS GROUP INC. ("GPW")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: November 10, 2015
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 24, 2015:
Convertible Debenture: $5,000,000
Conversion Price: Convertible into Common Shares ("Shares") of the Company at a conversion price of $0.08 per Share within the first year, and a conversion price of $0.10 per Share in the second year.
Maturity date: November 8, 2017
Interest rate: Annual interest rate of 10%, payable quarterly.
Warrants: 31,250,000 Warrants exercisable at a price of $0.12 for two (2) years from closing.
Number of Placees: 1 Placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / $ of Debentures
Tong (Ricky) Chiu Y 5,000,000
Agent's Fee: None
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