SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SWMCF- Making a comeback this week.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Kenneth Minneman9/20/1996 9:05:00 AM
   of 278
 
Here we go.

Sanctuary Woods Multimedia Closes $4.6M
Financing

Dow Jones News Services

SAN MATEO, Calif. -- Sanctuary Woods Multimedia Corp. (SWMFC)
received and closed a $4.6 million financing.

In a press release, the company said the proceeds will be used to recapitalize its
balance sheet and provide working capital to fund its operating plan, as well as
to pay down the existing line of credit and payable balances.

The financing, arranged primarily with large institutional investors, is an 8%
debenture convertible into common stock at 55 cents a share, with a due date of
July 31, 1999.

For each $2.00 invested, investors were granted three-year warrants to
purchase one common share with a strike price of $0.6875 each.

Sanctuary Woods is an educational software company.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News