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GeneNews (GEN.TO) Announces Conversion Opportunity For Debentureholders


11/13/2013 10:09:30 AM

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TORONTO, Nov. 13, 2013 (GLOBE NEWSWIRE) -- GeneNews Limited ("GeneNews" or the "Company") (TSX:GEN) announces that pursuant to a one-time conversion opportunity (the "Conversion Opportunity"), holders of outstanding convertible debentures of the Company (the "Convertible Debentures") may convert the principal amount of their Convertible Debentures, together with accrued and unpaid interest thereon (the "Conversion Amount"), into common shares of the Company ("Common Shares") as of December 18, 2013, at a price per Common Share equal to 90% of the five (5) day volume weighted average price of the Common Shares on the Toronto Stock Exchange (the "TSX") for the period ending on December 11, 2013.

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