GREY:HNTHF - Post Discussion
Comment by
SusanBolland on Nov 15, 2021 6:42am
RE:High North 76,640,882 shares for debt
jerrio78 wrote:
High North 76,640,882 shares for debt
2015-07-14 18:39 ET - Shares for Debt
The TSX Venture Exchange has accepted for filing High North Resources Ltd.'s proposal to issue 76,640,882 common shares of the company, pursuant to a resolution approving a plan of arrangement passed by holders of 12.0-per-cent convertible unsecured subordinated debentures. Pursuant to the terms of the arrangement, debentures in the principal amount of $4,011,000 will be redeemed in exchange for shares on the terms set out in the information circular of the company dated April 30, 2015. All of the accrued and unpaid interest up to April 4, 2015, owed to debentureholders, and accrued and unpaid interest owed between April 5, 2015, to July 15, 2015, to debentureholders under option B (as defined in the information circular) will also be paid in shares.
Number of creditors: 88 creditors
Insiders: Diane Black, $26,919, 448,653 shares at six cents; Michael Black, $26,919, 448,653 shares at six cents
Total pro roup involvement: $191,141, 3,185,689 shares at six cents (11 creditors)
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