TSXV:RLV.H - Post by User
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ArianartizaNon Aug 24, 2017 2:19pm
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RLV UPDATE | Early warning report
RLV UPDATE | Early warning report From the SEDAR Release:
"On June 8, 2017, the Acquiror acquired 6,750,000 Common Shares of the Issuer and US$1.55 million (the “Principal”) in the form of a two-year vendor take back convertible note (the “Convertible Note”) carrying an annual interest rate of 8%payable quarterly (the “Interest”) pursuant to the sale of the Acquiror’s business to the Issuer (the “Acquisition”). The Convertible Note allows the Acquiror to convert the principal amount of the Convertible Note, after an initial period of 12 months, into common shares of the Issuer at a strike price of CAD$0.1396. At the Issuer’s option, any unpaid Interest may be converted intoCommon Shares."
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