11:51:37 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



UGE International Ltd (2)
Symbol UGE
Shares Issued 33,238,335
Close 2023-10-16 C$ 1.74
Market Cap C$ 57,834,703
Recent Sedar Documents

UGE International prospectus offering

2023-10-16 20:26 ET - Prospectus Approved

Effective Aug. 21, 2023, the company's short form prospectus dated Aug. 21, 2023, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission, pursuant to the provisions of the Securities Act.

The TSX Venture Exchange has been advised that the closing of Series 5 secured green debentures occurred on Aug. 24, 2023, for aggregate gross proceeds of $5,749,655 (U.S.) (including the underwriters' overallotment option that was exercised in full).

Offering:  $5,749,655 (U.S.) (including $749,742.50 (U.S.) of the underwriters' overallotment option)

Agents:  Canaccord Genuity Corp. and iA Private Wealth Inc.

Agents' commissions:  $411,740 (U.S.) and 150,267 broker warrants (Each broker warrant is exercisable at $1.35 into one common share until Aug. 24, 2025.)

Details of the green bonds

Maturity date:  Sept. 30, 2027

Redemption:  On and after Oct. 1, 2026, and prior to their maturity date, the green bonds will be redeemable, in whole or in part, from time to time at the company's option at a redemption price equal to the principal amount plus accrued and unpaid interest plus one additional month of interest on the then-outstanding principal amount thereof, if any, to but excluding the date set for redemption.

Interest:  9 per cent per annum, payable semi-annually

Conversion:  The bonds are non-convertible.

For further information, please refer to the company's short form prospectus dated Aug. 21, 2023, and news releases dated Aug. 21, 2023, and Aug. 24, 2023.

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