Tauriga Sciences Inc. (TAUG) Repays And Retires Convertible Note Held By Asher Enterprises, Inc. For Principal Amount Of $37,500 USD And Issues Important Clarification To Shareholders
1/22/2014 8:54:11 AM
NEW YORK, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Tauriga Sciences, Inc. (OTCQB:TAUG) or ("Tauriga" or "the Company"), a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nanorobotics space, today announced that it has repaid and retired a convertible note ("the note") held by Asher Enterprises, Inc. ("Asher") for the principal amount of $37,500 USD. On July 17, 2013, Tauriga borrowed $37,500 USD from Asher while the Company was evaluating various business plans and potential opportunities. Including accrued interest and contractual buyout premiums, the note was officially retired for $53,979.45 USD. Therefore, there will be absolutely no share conversions owed to Asher in conjunction with this note and the corresponding debt has been removed from the Company's balance sheet.
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