Las Vegas, NV -- (SBWIRE) -- 09/09/2013 -- CodeSmart Holdings Inc (OTCBB:ITEN) announced that it completed the convertible debenture private placement that had the $150,000 principal amount. The company placed this amount to a certified investor according to the agreement of Debenture Purchase Agreement.
CodeSmart stated that the agreement was signed on August 27, 2013. The agreement says that the debenture yields annual interest rate of 8%. There is an option that the debenture can be converted into the company’s common share at holder’s option.
CodeSmart Holdings, Inc., was previously named as the First Independence Corp. the company developed expertise in offering medical coding and billing education online to the clients in healthcare industry. The company educates the professionals as well as the beginners. The company has acquired related medical businesses for example CODESMART.
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