Hammer Fiber Optics raises $742,500 via convertible notes and warrants

HAMMER TECHNOLOGY HOLDINGS CORP.

Entered SPA with Mast Hill Fund for $550K note, net $495K after $55K OID, at 12% interest.
Entered SPA with Talos Victory Fund for $275K note, net $247.5K after $27.5K OID, at 12% interest.
Notes mature in one year, convertible at $0.58/share; total of 712,500 commitment shares issued.
Warrants to purchase up to 300,000 shares at $3.00 and $1.50 per share, each expiring in 5 years.

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