The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 20, 2017.
Convertible notes: $1.26-billion principal amount
Conversion price: convertible into units at 84 Canadian cents per unit until maturity (Each unit consists of one common share and one-half of one common share purchase warrant.)
Warrants: Each whole warrant is exercisable into one common share at $1 for a two-year period.
Maturity date: three years from issuance
Interest rate: 7 per cent per annum
Number of placees: two placees
© 2018 Canjex Publishing Ltd. All rights reserved.