SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): June 25, 2003
CANTERBURY CONSULTING GROUP, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 23-2170505
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(State of Incorporation) (IRS Employer Identification Number)
352 Stokes Road
Suite 200
Medford, New Jersey 08055
(Address of principal executive offices)
Telephone Number: (609) 953-0044
ITEM 5. OTHER EVENTS
Canterbury Consulting Group, Inc. received a $355,000 private placement for
the Company in the form of a 7 3/4% Senior Convertible Promissory Note. Four
$35,500 notes were purchased by affiliates of the Company and six notes were
purchased by non-affiliates. The net proceeds of this private placement will
be used for working capital. Each note converts into Canterbury restricted
common stock at $.355 per share and the note, if not converted into restricted
common stock before then, matures in 36 months with interest payable
quarterly. The debt is subordinate to all current and future bank debt,
but is senior to all other current and future Company indebtedness.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CANTERBURY CONSULTING GROUP, INC.
BY: /s/ Kevin J. McAndrew
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Kevin J. McAndrew, President
Dated: June 25, 2003