THAT MARKETING SOLUTION, INC. That Marketing Solution, Inc. (OTCBB:TSTS) announced that it will issue a convertible promissory note for gross proceeds of $360,000 with JMJ Financial on October 13, 2015. The interest rate will be 0%, if the company repay the advance within 90 days, after that the interest rate will be 12% on the outstanding principal amount. The invest has the right to convert all or a portion of the outstanding principal amount including accrued interest into company's common shares at a conversion price equal to the lesser of $0.10 or 60% of the lowest trade price of the company's common stock in the 25 days prior to the date of conversion.
The note issued at an original issue discount of 10%, for gross proceed of $360,000.
