The TSX Venture Exchange has accepted for filing an amendment of the convertible debentures with respect to a non-brokered private placement announced on Nov. 3, 2023, and Nov. 10, 2023.
Convertible debentures: $1,632,000 principal amount
Conversion price: convertible into common shares at $1.80 per share
Original maturity date: Oct. 31, 2023
Amended maturity date: Oct. 31, 2025
Original interest rate: 6.5 per cent per annum
Amended interest rate: 7 per cent per annum
The convertible debentures were issued pursuant to a private placement, which was originally accepted for filing by the exchange effective Feb. 10, 2022.
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