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INSCOR, Inc. Corporation (IOGA) and Zion Capital Ventures

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budfoxfun Member Level  Friday, 04/17/15 07:59:23 AM
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INSCOR, Inc. Corporation (IOGA) and Zion Capital Ventures announced this morning that they have begun to successfully implement the Exchange of fixed-income investment grade bonds for convertible Preferred shares. More specifically, the first $100,000,000 (one hundred million dollars) of Zion's fixed-income investment-grade bonds have now been placed on INSCOR's balance sheet, with the corresponding number of Preferred shares in process to Zion Capital Ventures. Both INSCOR and Zion anticipate consummating an additional six exchange tranches of $100,000,000 each in the current quarter, until the entire $700,000,000 (seven hundred million dollars) of fixed-income investment grade bonds has been placed on INSCOR's balance sheet and Zion has correspondingly received the full and agreed amount of convertible Preferred shares.

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