The TSX Venture Exchange has accepted for filing the company's proposal to amend the following convertible debentures.
Convertible debentures: $710,000
Conversion price: 38 cents
Original maturity date: March 1, 2025, for $590,000 of convertible debentures; March 25, 2025, for
$120,000 of convertible debentures
Amended maturity date: March 1, 2026, for $590,000 of convertible debentures; March 25, 2026, for $120,000 of convertible debentures
Interest rate: The interest rate was amended from 8 per cent per annum to 10 per cent per annum for the extended period from March 1, 2025, to March 1, 2026 (for $590,000 of convertible debentures), and from March 25, 2025, to March 25, 2026 (for $120,000 of convertible debentures).
The convertible debentures were issued pursuant to a private placement announced on March 1, 2022, and March 28, 2022.
For further information, please refer to the company's news releases dated Feb. 28, 2025, March 31, 2025, and April 14, 2025.
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