The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 23, 2024.
Convertible debenture: $1-million principal amount
Conversion price: convertible into up to 1,666,667 subordinate voting shares at 60 cents per share until maturity
Maturity date: five years from date of issuance
Interest rate: 12 per cent per annum
Number of placees: one placee
The company issued a news release on Feb. 28, 2024, confirming the closing of the private placement.
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