FLCR! Huge news today! FullCircle to Redeem All Outstanding Convertible Debentures
LOUISVILLE, Ky., Nov 17, 2003 /PRNewswire-FirstCall via Comtex/ -- FullCircle Registry, Inc. (OTC Bulletin Board: FLCR), today announced that it has entered into an agreement with its debenture holders to redeem all of the Company's outstanding convertible debentures in exchange for cash in the amount of approximately $375,000. Under the agreement, dated November 17, 2003, monthly cash payments will be made to the debenture holders, and the conversion of the debentures into shares of the Company's common stock will cease as of the date of such agreement. Funding for this transaction will be provided by a credit facility provided by FullCircle's Chief Executive Officer, Ike Boutwell, and a small group of other shareholders.
