Strategic Internet Investments, Inc (SIII)

[HokieHead]

Nice news and filing Friday. Debentures in play as common at $1.00 per share..

http://www.otcmarkets.com/news/otc-market-headline?id=564774

On July 18, 2016, the Company issued a total of $71,800,000 in Debentures in order to close the purchase of the AkCenter and to pay for management and renovation services for the AkCenter.

The Debentures have the following features:

-No interest
-Due December 31, 2021
-The holder may convert the Debenture into common stock of SIII at any time at a price of $1.00 per share
-The Debenture will automatically convert into common stock upon the closing price of the Company’s common stock closing above $1.00 per share for 20 consecutive trading days