Further to the TSX Venture Exchange bulletin dated Aug. 18, 2022, the exchange has accepted an amendment to the maturity date of the following convertible debentures with respect to a non-brokered private placement announced on June 6, 2022.
Convertible debentures:
1,990 convertible debentures at a price of $1,000 per debenture
Original conversion price: debentures are convertible into common shares of the company at the election of the holder thereof at a conversion price of 15 cents per share at any time prior to the maturity date
Original interest rate: 18 per cent per annum
Maturity date: 12 months from the date of closing
Amended maturity date: 24 months from the date of closing
For further information, please refer to the company's news release dated July 11, 2023.
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