The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 19, 2018.
Convertible bonds: $9,301,000 (U.S.)
Conversion price: convertible into shares at 85 Canadian cents of principal outstanding
Maturity date: Aug. 14, 2019, with an option to extend for an additional year
Interest rate: 4.5 per cent per annum payable quarterly in cash, 2.5 per cent per annum payable quarterly in shares; and a redemption premium such that 10 per cent per annum is paid on maturity
Number of placees: one placee
Insider: Primeline International Holdings Inc. (Victor Yiou-Hwa Hwang), $9,301,000 (U.S.)
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