25 m$ = 25m$ + 39m$ warrant i m not suprised they need money ... for 25m$ = 64.22 M$ .... + 8% intreset ....
25 Million debt financing to bear interest of 8.5% per annum and repayable in July, 2022 --
Prometic Life Sciences Inc. (TSX: PLI) (OTCQX: PFSCF) ("Prometic" or the "Corporation") announced today that it has entered into a binding agreement to secure a follow-on investment from Structured Alpha LP, an affiliate of Peter J. Thomson's investment firm, Thomvest Asset Management Inc., consisting of a $25 million loan (the "Loan"). As partial consideration for the Loan, Prometic will grant Structured Alpha LP 10,600,407 warrants with an exercise price of $3.70 per common share, a premium of 70% to yesterday's closing share price, the whole subject to obtaining TSX approval and closing the definitive documentation, which the parties expect to achieve over the next 30 days.