Independence Energy Corp. (OTCBB:IDNG) announced a private placement of a 6% convertible debenture with new investor, Europa Capital AG for gross proceeds of $46,000 on April 5, 2013. The debenture will carry interest at a rate of 6% per annum and is convertible into common shares at a price of $0.01 per share. The debenture will have a maturity of three years maturing in April 2016. The interest and the principal amount will be payable on the maturity date. The minimum ... interest on the debenture will be of $8,280. The company may prepay all or any portion of the principal and interest at any time prior to maturity.
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MontCrest Energy, Inc. acquired 25% working interests in Wells 105, 106, 113 and 115 of the Coleman County South Lease from Independence Energy Corp. (OTCBB:IDNG) on February 28, 2013. Black Strata, LLC gave its 100% interest in 1,400 acres of the Coleman County South Lease as consideration.

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