SEATTLE--(BUSINESS WIRE)--Organic To GoTM (OTCBB: OTGO) announced today that it has closed the sale of the previously announced $5 million secured convertible promissory note to Inventages Whealth Management, Inc., one of the world's largest life-sciences, nutrition and wellness focused venture capital funds with $1.5 billion under management.
In addition to the $5 million note, as part of the agreement:
- Inventages converted $10 million of existing notes into Common Stock of the Company.
- The maturity date of the $3 million note which was issued to Inventages on December 2, 2008 has also been extended until March 17, 2010, to coincide with the maturity date of the current $5 million secured convertible promissory note. Read more...
