Breaking Data Corp. announces closing of convertible debenture financing

TORONTO, Jan. 19, 2016 (Canada NewsWire via COMTEX) — Breaking Data Corp. (BKD) (the “Company”) announces that it has closed a $500,000 principal amount secured convertible debenture financing, and the lender has made a further $500,000 available for drawdown under the convertible debenture, at the Company’s option, during the term of the convertible debenture. The key terms of the convertible debenture are as follows: one year term; interest of 8% per annum; secured against the assets of the Company; and, convertible into units of the Company at a conversion price of $0.35 per unit, with each unit comprised of one common share and one-half of one warrant, with each full warrant exercisable into a common share at an exercise price of $0.50 per share for a period of 12 months…


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