| Home : November 2011 : November 05, 2011 News : Augusta to Extend Maturity Date for Convertible Debentures and the Warrant Expiry Date |
Augusta to Extend Maturity Date for Convertible Debentures and the Warrant Expiry Date |
November 05, 2011
TORONTO, ONTARIO--(Marketwire - Nov. 4, 2011) - Augusta Industries Inc. (TSX VENTURE:AAO) (formerly Fiber Optic Systems Technology, Inc.") ("Augusta" or the "Corporation"), a developer and manufacturer of patented non-intrusive sensing systems, is pleased to announce that it has received approval from the TSX Venture Exchange to amend the maturity date of the $365,000 in secured convertible debentures (the "Debentures") and the expiry date of the 4,055,555 common share purchase warrants (the "Warrants") of the Corporation, which were issued in connection with the Corporation's non-brokered private placement of the Debentures which were issued on May 7, 2011. The conversion price and maturity date of the Debentures and the expiry date of Warrants were previously amended in May, 2011 (for complete information on the Debentures and Warrants and the previous amendment please refer to the Corporation's press release of May 7, 2010 and November 6, 2011).
http://www.marketwire.com/mw/release.do?id=1582476&sourceType=3
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