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Acceleware Sells Floating Notes

accelewareAcceleware has announced the sale of its MAV II floating notes for cash proceeds of $752,46.  Their release:

Acceleware® Corp. (TSX VENTURE:AXE) a leading developer of high performance computing applications, today announces the sale of its MAV II floating rate notes (the “Notes”) for cash proceeds of $752,466. The Notes were acquired as a result of the restructuring of the Canadian third party asset backed commercial paper market. The Notes had a carrying value of $689,546 as at September 30, 2009. The proceeds of the sale will be used to retire current debt secured by the Notes in the amount of $410,615 with the balance used for working capital.

For more info, check out the original release here.

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