Global Vision Holdings, Inc. announced that it has received $0.06 million in funding from Asher Enterprises, Inc.
May 30, 2013
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Global Vision Holdings, Inc. (OTCBB:GVHI.B) announced a private placement of a convertible promissory note for gross proceeds of $63,000 on May 1, 2013. The transaction included participation from an existing accredited investor Asher Enterprises, Inc. The note carries a coupon of 8% per annum and would mature after nine month term. The note is convertible into class B common stock of the company at the election of the investor, beginning 180 days after the issuance of convertible note. The conversion price is equal to 55% multiplied by the market price. The company will issue securities pursuant to exemption provided under Regulation D.
On May 1, 2013, Global Vision Holdings, Inc. closed the transaction.
Global Vision Holdings, Inc. is a financial holding company that focuses on the investments of environmentally responsible companies. In addition to the parent Company, Global Vision Holdings, Inc. operates four wholly-owned subsidiaries: The Place Media, LLC; Mammaâs Best LLC, Strategic Management Consultants, LLC, and Grocers Direct, LLC. The Place Media, LLC publishes The Place Magazine, a travel and tourist guide highlighting local attractions, entertainment and restaurants to visitors to the San Diego, Orange County and Los Angeles areas. Through Mammaâs Best, LLC, the Company produces and sells food products. Its Mammaâs Best products are available at organic and natural food retail outlets primarily in Southern California. Grocers Direct provides consulting and representation services for emerging natural food brands in the retail market place.
GLOBAL VISION HOLDINGS, INC. 