Kuuhubb Announces US$1.3 Million Non-Convertible Debenture Financing

Kuuhubb Announces US$1.3 Million Non-Convertible Debenture Financing

TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“Kuuhubb” or the
“Company”) (TSX- V: KUU), a mobile game development and publishing company
focused on providing the female audience with creative interactive gaming
experiences, is pleased to announce a proposed non-convertible debenture
financing (the “Offering”) for gross proceeds of up to US$1,300,000. The
Offering will be composed of secured debentures (“Debenture”), and each
Debenture will have a face value of US$29,500.

Each Debenture shall mature twenty-four (24) months from the date of closing
(the “Maturity Date”) and bear interest at a rate of 12% per annum, which will
be calculated and payable quarterly. The payment of the Debentures shall be
secured by a security interest granted by the Company in respect of certain
intellectual property licences held by a wholly-owned subsidiary of the
Company.

It is expected that the subscribers under the Offering 
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