Preferred Dental Technologies Inc. has arranged for a non-arms length convertible loan in the amount of $52,000.00 (the “Loan”) for November 16, 2017. The Loan term is 24 months expiring November 15, 2019 and bears interest at 8% annual interest. The Loan is convertible into 800,000 units at a conversion price of $0.065 per unit (“Unit”). Each Unit consists of one common share (“Share”) and one share purchase warrant (“Warrant”) to acquire one additional Share at a price of $0.25 per Share expiring one day before the first anniversary of the issue date of the Warrants. Any Shares issued on conversion of the Loan to Units, and any Shares issued on exercise of the Warrants will have a hold period expiring four months and a day from November 16, 2018.
About PDT
Preferred Dental technologies Inc. (PDT) has been established to advance development and commercialization of various evolutionary and disruptive technologies in the dental implant industry.
MISSION – INNOVATIVE & PRACTICAL SOLUTIONS FOR THE DENTAL INDUSTRY
Visit: www.preferreddentalimplant.com www.prefdent.com
On behalf of Preferred Dental Technologies Inc.
Erik Siegmund
Chief Executive Officer
Email: [email protected]
Tel: 204.691.3722