Renaissance Capital Growth and Income Fund III, Inc. ("Filer")G13
Ownership. (a) Amount Beneficially Owned:
On June 17, 1996, the Company and the Filer entered into a 9%
Convertible Debenture Loan Agreement for $1,000,000. The Filer was
also issued 25,000 warrants redeemable at $2.00 per share. Total
shares beneficially owned at December 31, 1998 are 691,667 giving
the Filer an ownership interest of 3.04%. On February 18, 1999,
Renaissance Capital Growth & Income Fund III, Inc. converted its
9% $1,000,000 Convertible Debenture into 666,667 shares of common
stock. The warrants are exercisable within 60 days.
freeedgar.com
Nice to have these Convertibles cleared and behind TAVA and independence from Renaissance Capital as they are now shareholders. This adds some nice cash per share to the bottom line for TAVA being free from this.
Free at last, Free at last! (FEB 18.1999)
Happy Independence Day TAVA holders!
Nanchate |
