Charbone Hydrogen convertible debenture placement
2022-11-24 16:11 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
Convertible debentures: aggregate principal amount of $1.2-million
Conversion price: principal is convertible into common shares at a conversion price of 40 cents per share
Maturity date: 24 months from the closing of the private placement
Interest rate: 14 per cent per annum
Warrants: three million common share purchase warrants to purchase three million shares
Warrants' exercise price: 60 cents for 24 months following the closing of the private placement
Number of placees: four placees
The company has confirmed the closing of the private placement in a news release dated Oct. 11, 2022.