Peterson Law acts for Jones, Gable & Company Ltd. as finder in respect of $3 Million Debenture Offering
Telehop Communications Inc. (“Telehop”) completed a share and asset purchase acquisition of G3 Telecom Corp. and its group of affiliated companies, marking Telehop’s entry into the wireless telecommunications industry. In connection with the transaction, Telehop completed a current private placement (the “Offering”) of $3,000,000 of unsecured, five (5) year 10% debentures (the “Debentures”). The Debentures mature in five (5) years from the date of closing of the Offering and will bear interest at a rate of 10% per annum. Each Debenture was priced at a 2% discount, namely at $980 per $1,000 of the principal amount thereof. Telehop Company engaged Jones, Gable & Company Limited (“Jones Gable”) to act as finder in connection with the Offering and paid Jones Gable a fee equal to 6.5% of the gross proceeds raised from the sale of the Debentures.
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