The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement of convertible debentures announced on Feb. 25, 2025.
Convertible debenture: $3.35-million of unsecured convertible debentures
Conversion price: convertible into common shares of the company at a price of 65 cents per share, for up to a maximum of 5,153,846 shares
Maturity date: 18 months from the date of issuance
Interest rate: Canadian overnight repo rate average plus 3 per cent per annum, payable on the maturity date
Disclosure: Refer to the company's news releases dated Feb. 25, 2025, and Feb. 28, 2025.
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