Nstein Technologies Inc. has announced a projected financing of CAN$10 million. Within the framework of this financing, it is foreseen that there will be a restructuring of certain of the conditions of the debt by convertible notes issued on October 12, 2005. The main amendment relates to the release of most security and restrictive covenants. In counterpart, the holders will see the initial conversion price of these notes modified from $0.14 to $0.085 per common share, reflecting the new $10 million financing's price per unit previously announced. This debt restructuring is subject to the same customary closing conditions as the $10 million financing, as well as to final authorizations from the notes‚ holders, and regulatory authorities. Moreover, the Company will ask its shareholders to approve this new conversion price.
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