HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.

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HPQ Silicon Inc > Can some one explain the terms this convertible debenture

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Comment by InvrsContrarianon Jun 23, 2021 9:07am

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Post# 33433428

RE:Can some one explain the terms this convertible debenture

It means a sweet deal. For those holding those convertible debentures. Sure wish I had access to them. It's a loan like anything else but with way better returns that amounts to the risk at the time.

Tcheck wrote:
Investissement Qubec (IQ), with a subscription of $1,800,000 in an unsecured Convertible Debenture.

The Convertible Debenture has a 5-year (60 months) term, bearing interest at a rate of 5% per annum, and the interest payment can be accrued, at the Company’s option, up to the term of the Debenture. IQ will have the right, at anytime, to convert the Debenture into common shares of HPQ at a price of $0.12 per share. HPQ will be allowed to proceed with an early repayment of the Debenture, capital and accrued interest, 36 months after the issuance of the debenture, subject to the payment to IQ by HPQ of a redemption premium equal to a compounded annual return of 20% on the capital of the Debenture. Finally, HPQ will be issuing to IQ 15,000,000 Warrants, each Warrant entitling IQ to purchase one common share of the capital stock of HPQ at an exercise price of $ 0.17, for a period of 36 months from the close. IQ may also, at the date of the conversion of the capital into shares, convert the accrued interest payable in shares of HPQ, subject to the approval of the TSX-Venture and the conversion price for the payment of the accrued interest will be established in accordance with the policies of the TSX-Venture (TSX.V).

iq is really promoting start ups
i love iq
hey consider investors their private public piggy bank .
was this deal done in 2018 ?
HPQ Secures $ 5,250,000 in Financing; the PUREVAP™ Process is the Green Solution for the Solar Industry