The TSX Venture Exchange has accepted for filing an amendment to the conversion price and interest rate of the following convertible debenture.
Convertible debenture: $1-million (U.S.)
Original conversion price: convertible into 10,526,316 common shares at 95 U.S. cents of principal outstanding
Amended conversion price: convertible into 14,414,944 common shares at 69.37 U.S. cents of principal outstanding
Original interest rate: 8.75 per cent per annum
Amended interest rate: 9.25 per cent per annum
Maturity date: three years from issuance
This debenture was issued pursuant to a private placement that was originally accepted for filing by the exchange effective Aug. 17, 2022.
For further information, please refer to the company's news release dated Feb. 27, 2023.
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