LAFAYETTE, LA / ACCESSWIRE / September 16, 2019 / RedHawk Holdings Corp. (OTC PINK:SNDD) (“RedHawk” or the “Company”) announced today that it has successfully completed the sale of $500,000 in aggregate principal amount of new convertible notes (the “Initial Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). In addition, the Company intends to offer, subject to market and other customary conditions, an additional $500,000 in aggregate principal amount of new convertible notes (the “Additional Notes” and, together with the Initial Notes, the “Convertible Notes”) in a private offering that is exempt from registration under the Securities Act. The Company intends to use the net proceeds of the offering of the Convertible Notes and Additional Notes, after payment of related fees and expenses, to retire existing debt and to provide working capital for strategic and organic growth.
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