Internet of Things Inc. (TSX VENTURE: ITT) (“IoT Inc.” or the “Company“), an IoT technology accelerator and industry acquisition company, is pleased to announce that it proposes to close a convertible debenture financing with a principal amount of up to $500,000. The key terms of the convertible debentures are as follows: two year term; interest of 12% per annum; and, convertible into units of the Company at an exercise price of $0.10 per unit. Each Unit will be comprised of one common share and one warrant, with each warrant exercisable into a common share at an exercise price of $0.125 per share for a period of 3 years.
About Internet of Things Inc. (TSX VENTURE: ITT)
Internet of Things Inc. (www.iotintl.com) is an IoT technology accelerator and industry acquisition company. ITT is focused on accelerating IoT-based technology companies, and the development and implementation of disruptive IoT-based solutions. Internet of Things Inc. will partner with companies across a wide range of industries to leverage the power of IoT. The Company maintains offices in Toronto, Canada and Kolkata, India.
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Forward Looking Statements
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