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  • Salon says receives $200,000 additional financing (Good Money After Bad Alert)

    12/31/2002 11:46:27 AM PST · by Timesink · 24 replies · 265+ views
    Reuters ^ | December 31, 2002
    Salon says receives $200,000 additional financing 12/31/2002 12:36:46 PMLOS ANGELES, Dec 31 (Reuters) - Online media company Salon Media Group Inc. (SALN) , has closed an additional $200,000 in financing, the company said in a filing with securities regulators on Tuesday. In a current report filed with the U.S. Securities and Exchange Commission, Salon said it issued a convertible promissory note and warrants to Shea Ventures LLC on Dec. 18 to raise $200,000 for working capital. Salon said the warrants give Shea the right to buy about 300,000 Salon shares at a price of $0.0575 per share. The company previously...