TSXV:RTI.H - Post by User
Comment by
Justfishin73on May 25, 2017 1:39pm
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Post# 26283786
RE:RE:RE:RE:ACB owns 18% of RTI 's recent PP and NOT ownship of RTI
RE:RE:RE:RE:ACB owns 18% of RTI 's recent PP and NOT ownship of RTImark0101 wrote: Yes he's right. If you look through the MOU and the phase 1 NR you'll see ACB invested an initial 2 million then upon completion of phase 1 they announced that they invested an additional 1.2 million for a total of 3.2 million dollars into RTI
Yes, but check the numbers closer ------------------------------------------------ Convertible Debenture Aurora and Radient are also pleased to announce that Aurora has completed its investment in the Radient convertible debenture, announced initially on December 14, 2016 (the "Debenture"). The Debenture will have a principal amount of $2 million, a term of 2 years, bear interest at 10% per annum, and will be convertible into units of Radient at a conversion price of $0.14 per Unit. Each Unit will be comprised of one common share of Radient and one share warrant, exercisable within 24 months, for one common share of Radient at an exercise price of $0.33 per warrant. The Debenture will be repayable on demand from Aurora at any point within five months from the date of issuance. Read more at https://www.stockhouse.com/news/press-releases/2017/02/13/aurora-cannabis-and-radient-technologies-provide-update-on-exclusive#F7402z0rZSkT5OOF.99