UpSnap Inc Announces Extension of Debenture Maturity
September 30, 2020 at 02:34 am IST
Toronto, Ont. September 29, 2020 UpSnap Inc. announced that it has amended the terms of its outstanding secured debenture held by User Friendly Media in the aggregate principal amount of CAD $800,000, to extend the maturity date of the Debenture from September 30, 2020 to March 31, 2021. The Debenture will continue to bear interest an annual rate of 13.5% to be paid to UFM bi-annually. The issuance of the Debenture was originally announced by the Company on October 2, 2018.