Post by
Loony on Jul 17, 2023 9:11pm
Will 12.64° add to their 16.93%?
https://www.newswire.ca/news-releases/12-64-fund-limited-partnership-announces-completion-of-convertible-loan-financing-with-adrabbit-limited-824933111.html
Following the conversion of the Principal Amount owing under the Convertible Loan , on a non-diluted basis, the Acquiror holds 33,528,506 Shares, representing approximately 16.93% of the 197,998,497 issued and outstanding Shares, and, on a partially-diluted basis (assuming exercise of the 25,578,506 share purchase warrants held by the Acquiror and assuming a Conversion Price of C$0.05 and the full conversion of all principal and accrued interest to the currently scheduled maturity dates), the Acquiror holds 59,107,012 Shares, representing approximately 18.35% of the 322,104,989 issued and outstanding Shares.
Glta de-adRabbit holders.