Charbone Hydrogen shares for debt
2024-02-09 16:06 ET - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposal to issue $300,000 principal amount secured convertible debentures to settle outstanding debt for $300,000.
Convertible debentures: $300,000 principal amount
Conversion price: principal is convertible into common shares at 10 cents per share
Maturity date: 18 months from Sept. 30, 2023
Interest rate: 12 per cent per annum
Number of creditors: one creditor
Insider/pro group participation: nil
For more information, please refer to the company's news releases dated Aug. 31, 2023, and Jan. 31, 2024.