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Investors Believe in Boldface

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By: TOM BRANNA

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Beauty licensing company The Boldface Group, Inc. raised $1.5 million from “certain accredited investors, led by an institutional investor,” by selling its 8% senior secured convertible notes with a 12% original issue discount and five-year warrants to purchase approximately 24.7 million shares. Net proceeds from the offering are expected to be used for general corporate purposes. The Notes are convertible into shares of common stock at any time prior to maturity at $0.068 per shar...

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