Brief: Vapor enters into securities purchase agreement

Healthier Choices Management

17/11/2014 11:09

Nov 17 (Reuters) - Vapor Corp  VPCO.O : 
 * Vapor-co entered into securities purchase agreement for sale of $1.3 million 
   in principal amount of registrant's convertible notes due November 14, 2015 
 * Notes were issued and sold through an exempt private securities offering to 
   certain accredited investors - SEC filing 
 * Says notes accrue interest on the outstanding principal at an annual rate of 
   7% 
 * Says principal and accrued interest on the notes is due and payable on 
   November 14, 2015 
 * Notes are convertible into shares of registrant's common stock at a 
   conversion price of $1.10 per share 
 
 * Source text for Eikon  ID:nWNAB05ATV  
 
 * Further company coverage  VPCO.O   
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