Home breadcru News breadcru Company breadcru Bakers announces private placement of subordinated convertible debentures

Bakers announces private placement of subordinated convertible debentures

20 Jun '07
3 min read

The debentures and shares of common stock issuable upon conversion of the debentures have not been registered under the Securities Act, or any state securities laws, and will be issued pursuant to a private transaction under Regulation D.

The Company has agreed to file one or more registration statements with the Securities and Exchange Commission, upon request of the investors, covering the resale by the investors of the privately placed common stock issuable upon conversion of the debentures.

Until any such registration statement is declared effective by the SEC, the shares of common stock underlying the debentures may not be reoffered or resold in the United States unless the re-offer or resale is registered or unless exemptions from the registration requirements of the Securities Act and applicable state laws are available.

The information provided herein does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

Bakers Footwear Group Inc

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