Maritime Launch reports non-brokered private placement of convertible debentures
Maritime Launch Services Inc. (NEO: MAXQ, OTCQB: MAXQF) has reported a non-brokered private placement of unsecured convertible debentures (the "Debentures") for minimum gross proceeds of $2,000,000 (the "Offering"). The Debentures will bear cash interest ("Cash Interest") at a rate of 10% per annum, payable quarterly, as well as paid in-kind interest ("PIK Interest") consisting of 5% of the outs