TSXV:NYX.DB - Post by User
Comment by
MisterGagaon Dec 08, 2016 8:51pm
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Post# 25575162
RE:RE:Shares for Debt
RE:RE:Shares for DebtAnd that link in turn refers to this PR issued on Nov 17th about the conversion of debentures to shares:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNYX-2422720&symbol=NYX®ion=C
"The company also announces that holders of an aggregate of $1-million principal amount of debentures have agreed to convert the principal amount of their debentures, together with accrued interest, into ordinary shares in the capital of the company at a conversion price equal to the closing market price of the ordinary shares on the TSX Venture Exchange as of the date of this release."
Closing market price of Nov 17th was 1.39 CAD. ANONYM0US wrote: ANONYM0US wrote: 645k shares to be issued to erase $896K in debt. So that's valuing the shares @ $1.39.
Here's the link....https://www.stockwatch.com/News/Item.aspx?bid=Z-C:NYX-2429405&symbol=NYX®ion=C