UpSnap Inc Announces Extension of Debenture Maturity
September 29, 2020 at 05:04 pm EDT
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Toronto, Ont. September 29, 2020 UpSnap Inc. announced that it has amended the terms of its outstanding secured debenture held by User Friendly Media in the aggregate principal amount of CAD $800,000, to extend the maturity date of the Debenture from September 30, 2020 to March 31, 2021. The Debenture will continue to bear interest an annual rate of 13.5% to be paid to UFM bi-annually. The issuance of the Debenture was originally announced by the Company on October 2, 2018.
UpSnap, Inc. is a Canada-based company, which provides mobile advertising solutions to both large brands and small businesses. The Company offers its advertising services to national brands on a campaign basis and to small businesses on a monthly subscription basis. Its advertising solutions include video advertisements, social media advertisements and digitally retargeted direct mail ads that have traditionally only been affordable to large businesses. Its intentional direct mail service allows advertisers, such as small businesses and brands to intensify their digital marketing by programmatically mailing customized direct mail postcards to potential customers that engage with the advertiserâs website or mobile advertisements. In addition to its direct mail and mobile advertising services, it provides software and services, which allow customers to perform voice and data searches in business directories. It sells these subscriptions through a reseller network.
UPSNAP, INC. 