Snap Interactive Announces $3 Million Senior Secured Convertible Note Financing

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Snap Interactive Announces $3 Million Senior Secured Convertible Note Financing

PR NEWSWIRE - Feb 17 - Snap Interactive has completed a private placement of a 12% Senior Secured Convertible Note in the amount of $3M to Sigma Opportunity Fund. The note is convertible into shares of common stock at a fixed price of $0.20 per share. The company intends to use the net proceeds from the offering for general corporate purposes.