QualityStocksNewsBreaks – Sanwire Corp. (SNWR) Secures Investment from ProActive Capital Partners
Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, today announced it has secured gross proceeds of $200,000 through the sale of a $240,000, 24-month convertible note to ProActive Capital Partners LLC, a New York-based institutional fund. According to the update, the note has a fixed conversion price of $0.14 per share. Sanwire intends to use the proceeds for general corporate purposes and to advance the development of its wholly owned subsidiary, Intercept Music, a marketing and distribution software-as-a-service (“SaaS”) company with a focus on technologies for the entertainment industry. Upon funding, ProActive will…