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Lite Access Technologies debenture extended

2024-12-19 20:11 ET - Private Placement - Debenture

Private placement -- non-brokered, convertible debenture, amendment

Further to the TSX Venture Exchange bulletin dated Nov. 23, 2022, the exchange has accepted for filing an amendment to the previously accepted convertible debenture as announced on Nov. 1, 2024.

Convertible debenture:  $500,000

Conversion price:  10 cents per listed share

Maturity date:  extended from Nov. 22, 2024, to Nov. 22, 2026

Interest rate:  12 per cent per annum

The convertible debenture was issued pursuant to a non-brokered private placement, which was originally accepted for filing by the exchange effective Nov. 23, 2022.

For further information, please refer to the company's news release dated Nov. 1, 2024.

Remain halted

Further to the TSX Venture Exchange bulletin dated May 5, 2023, trading in the shares of the company will remain halted pending receipt and review of acceptable documentation pursuant to Section 5.6 (d) of TSX-V Policy 5.3 regarding a fundamental acquisition.

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