SCHWABO CAPITAL CORPORATION ("SBO.H") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture BULLETIN DATE: October 6, 2011 NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced August 17, 2011:
Convertible Debenture $125,000
Conversion Price: Convertible into 1,250,000 common shares at $0.10 of principal outstanding for a three year period.
Maturity date: Three years from date of issuance.
Interest rate: 1.5% per month
Number of Placees: 6 placees
Insider / Pro Group Participation: N/A
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. ________________________________________
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