One of the leading networks of forum communities on the worldwide web, CrowdGather (OTCBB:CRWG), announced that it has closed a private offering of its 18-month Secured Convertible Debentures to a limited number of foreign institutional buyers. The Company will receive cash proceeds of $1,300,000, and approximately $1,075,000 in previously issued short-term promissory obligations were exchanged [...]

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