Cenit Proposes Private Placement
March 13 2008 - 5:20PM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: CNTGF) ("Cenit" or the "Company")
announces that it intends to complete a private placement of
convertible debentures in the principal amount of up to $500,000
bearing interest at 8% per annum and maturing 24 months after the
date of issuance. Principal of the debentures will be convertible
at a conversion price of $0.15 per common share of the Company.
About Cenit Corp.
Cenit Corporation is a Canadian holding company which operates
three subsidiaries in diverse market niches: Blue Port Technologies
Inc. (BP), Continental Asset Management Inc. (CAM) and Health
Promotions Strategies Inc. (HPSI). BP is a software development and
recruiting services company, CAM is a vendor of Point of Sale
systems and HPSI is a registered gaming supplier. Cenit is
continually investigating strategic alternatives to enhance
shareholder value.
Shares Outstanding (Non-Diluted): 23,876,327
Contacts: Cenit Corporation Birks Bovaird CEO (416) 214-9152
Website: www.cenitcorp.com
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