Bullboard - Stock Discussion Forum Ignite International Brands Ltd (Subordinate Voting Shares) BILZF

Ignite International Brands Ltd is a consumer packaged goods company, leveraging the IGNITE brand via multiple product platforms in the synthetic and tobacco derived nicotine e-liquid, spirits, apparel, beverage, and cannabidiol (CBD) sectors.

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Ignite International Brands Ltd (Subordinate Voting Shares) > Ignite Launches Financing for C$50 Million in Debt

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Post by AwareInvestor on Oct 04, 2019 9:29am

Ignite Launches Financing for C$50 Million in Debt

Ignite International Brands announced this morning that it is conducting a raise for C$50 million in unsecured convertible debentures, during a time in which many operators are struggling to raise any funds at all. The funding is said to be used towards working capital and general corporate purposes.

https://thedeepdive.ca/ignite-launches-financing-for-c50-million-in-convertible-debentures/

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Comment by Dowrie on Oct 07, 2019 9:41am

so what does this mean then?

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Comment by tour2best on Oct 09, 2019 4:03pm

If fully suscribed, I expect: 23.4 million shares at $2.14 (minimum price conversion ? at Oct 3rd close) 16.7 million shares at $3.00 ($2.5 share price plus 20% end of month price estimate) 12.5 million warrants would see additional $26.7 to $46.9 milllion raised is all warrants converted at formulas consistent with above. Based upon current spend, cash would last around a ...more

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