Global Vision Holdings, Inc. announced that it has received $0.03 million in funding.
August 08, 2013 at 12:00 am EDT
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Global Vision Holdings, Inc. (OTCBB:GVHI.B) announced a private placement of an 8% convertible promissory note for gross proceeds of $30,000 on August 8, 2013. The transaction included participation from an accredited investor. The note carries a coupon of 8% per annum and would mature in nine months. The note is convertible into class B common stock of the company, at the option of the holder, after 180 days from the date of issuance. The conversion price is equal to 55% multiplied by the market price of the common stock. During the first 180 days after the issuance of the convertible note, the company has the right to prepay the principal and interest under the convertible note at a premium, which varies depending on the date of prepayment. The company will issue securities pursuant to exemption provided under Regulation D.
On August 8, 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. 
