ICEsoft Secures Convertible Debt for Expansion

ICEsoft Technologies Canada Corp (TSE:ISFT) has released an update.

ICEsoft Technologies Canada Corp. has successfully completed a secured convertible debt financing round, raising a total of CAD $220,000, which includes converting pre-existing debt. The financing terms offer a 15% annual interest rate and the option for note holders to convert their debt into common shares at CAD $0.05 per share over a 36-month term. The capital acquired will be directed towards the company’s working capital needs and to support its market expansion and sales acceleration initiatives.

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