$MJMJ YESTERDAYS NEWS Conversion and Elimination of Toxic Debt
DENVER, CO -- June 17, 2015 -- InvestorsHub NewsWire -- The MaryJane Group, Inc. (OTCQB:MJMJ) announced today that its aged convertible debt has been reduced to approximately $290,314 as a result of the conversion of an aggregate of $361,232 into approximately 250,000,000 shares of the Companys common stock . Included in the liabilities converted was the dilutive note payable to Blackbridge Capital an institutional investor.
As a result of the conversions, the Company has reduced its indebtedness by $361,232. In addition, the Company is also renegotiating certain additional convertible notes to receive more favorable conversion terms on those obligations.
