subject: BTDG.PK B2 Digital Enters into a $2 Million Debenture Subscription Agreement, hot Stocks Alerts [print this page] BTDG.PK B2 Digital Enters into a $2 Million Debenture Subscription Agreement
Montral Qubec September 9, 2010 (http://thepennytrade.com)-- B2 Digital, Inc. (Pink Sheets: BTDG.PK) announced
today it has entered into two separate Debenture Subscription Agreements providing for
up to $2,000,000 in financing that can now be allocated primarily towards the Firma
Gold Joint Venture enabling B2 Digital to accelerate its efforts at the properties located
in Quebec .
The debenture will also assist B2 Digital in its efforts for making additional acquisitions,
as well as exploration and expansion of the property claims of their mining subsidiaries.
This bridge financing will also enable B2 Digital to organize and prepare for additional
rounds of financing as required.
The debenture is convertible at $0.10 per share.
In May, B2 Digital provided an update outlining its strategy of maximizing shareholder
value by entering the field of mineral exploration through acquisitions and joint ventures.
This strategy included building a portfolio of mineral properties and advancing the
properties through exploration or select joint-ventures.
B2 Digital President, Paul LaBarre stated "The next phase of our business model entails
building shareholder value through exploration and by seeking joint venture partners
such as Firma Gold Inc. who we have just recently entered into a binding Letter of Intent.
Our enthusiasm builds as we compile data on our projects, however, we recognize the
fact that our plans require a bridge financing facility for funding future exploration and
research."
About B2 Digital
BTDG.PKB2 Digital is dedicated to seeking acquisitions and joint ventures within the resource
sector and in particular mining properties that contain gold and silver reserves.
Management of its subsidiary has many years of experience in the exploration and
operations of mining assets. B2 Digital is currently in the process of divesting itself of
some of its technology assets. More information on B2 Digital can be found at:
http://www.b2digital.us.
BTDG.PK B2 Digital Enters into a $2 Million Debenture Subscription Agreement, hot Stocks Alerts
