Cloud DX (TSX-V:CDX, OTCQB:CDXFF) said the relevant exchange has consented to the amendments of its convertible debentures.
The principal amount of convertible debentures has been amended from $4,207,000 to $4,310,734.26, equal to $4,207,000 plus $103,734.26 of accrued and unpaid interest. The conversion price into common shares of the company has been changed from 35 cents per common share to 15 cents per common share while the original interest rate terms were changed from 10% per annum to 18% per annum.