So IT is Now OFFICIAL__ SIGNED, SEALED, DELIVERED__the LIND DEAL that is
With ALL the GOODIES__10% INTEREST__Convertible into CHEAPIES__all WRAPPED UP with CHEAPIE Warrants.
AND Secured by ALMOST ALL Trigon Metals Assets
"""The Convertible Security will rank senior, secured by all of Trigon's assets (except the shares in Trigon’s Moroccan subsidiary), including a general security agreement, a guarantee from Trigon's Barbados subsidiary and a share pledge of its Barbados subsidiary shares, and will contain no shorting language.""" Dramatically DIFFERENT from the DEAL with IXM Project Finance FACILITY Signed
on Oct 28th
Trigon Metals $5.5-million debenture private placement
2022-05-09 16:51 ET - Private Placement - Debenture
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 28, 2022.
Convertible debenture: $5.5-million
Conversion price: convertible into shares at 33.5 cents per share of the principal outstanding less a closing fee of $165,000
Maturity date: May 4, 2024 -- 24 months from the date of closing
Interest rate: 10 per cent per annum (The interest may be paid in cash or in shares with separate exchange approval.)
Warrants: 15,925,373 share purchase warrants to purchase 15,925,373 shares
Warrant exercise price: 35 cents per share for a period of 24 months expiring on May 4, 2024
Number of placees: one placee