HyOrc Corp issues $135K convertible notes to two investors, nets $118K

HyOrc Corp

Notes of $67,500 each to Monroe Street Capital Partners LP and Lambda Ventures LLC; 12-month maturity.
Conversion price set at 77% of lowest trading price over prior 15 trading days.
Company issued 250,000 commitment shares (125,000 each), cancelable if notes paid within six months.
Prepayment allowed at 110% of outstanding balance during first 181 days.
Gross proceeds $125,000; net $118,000 after $7,000 legal fees; exemptions under Section 4(a)(2) and Reg D.

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