10:37:10 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Wellstar Energy Corp (3)
Symbol WSE
Shares Issued 16,137,768
Close 2014-12-02 C$ 0.075
Market Cap C$ 1,210,333
Recent Sedar Documents

Wellstar Energy $85,000 debenture financing

2014-12-03 20:18 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Wellstar Energy Corp. announced Sept. 10, 2014:

Convertible debenture:  $85,000

Conversion price:  Each debenture unit will consist of $1,000 in principal amount and that number of common share purchase warrants equal to one-half of the shares issuable upon conversion of $1,000 in principal amount of debentures. The principal, and any accrued and unpaid interest under the debentures, will be secured and will be convertible at the holder's option into fully paid non-assessable common shares of the company at: (i) with respect to principal, a conversion price equal to the greater of 18 cents or the market price as defined under the policies of the exchange; and (ii) with respect to accrued and unpaid interest, the market price of the company's common shares at the time of settlement. Each debenture unit warrant will be exercisable for a period of 48 months from the date of issuance at an exercise price of 25 cents per common share.

Maturity date:  five

Interest rate:  9 per cent

Placee:  one

Finder's fee:  $7,650 and 42,500 finder's warrants payable to German Mining Networks UG

© 2024 Canjex Publishing Ltd. All rights reserved.