Anytime after June 30th is the danger time for the debs Yeah, they have a "plan" alright! like I got screwed with the last debs. Their plan could easily be to issue shares!
"The Debentures are not redeemable by WesternOne prior to June 30, 2016. On and after June 30, 2016, and prior to June 30, 2018, the Debentures may be redeemed in whole or in part from time to time at the option of WesternOne at par plus accrued and unpaid interest, provided that the volume-weighted average trading price of the Shares on the Toronto Stock Exchange during the 20 consecutive trading days ending on the fifth trading day preceding the date on which the notice of the redemption is given is not less than 125% of the Conversion Price. On and after June 30, 2018 and prior to the Maturity Date, WesternOne may, at its option, redeem the Debentures, in whole or in part, from time to time at par plus accrued and unpaid interest.
Subject to specified conditions, WesternOne will have the right to repay the outstanding principal amount of the Debentures, on maturity or redemption, through the issuance of Shares. WesternOne will also have the option in certain circumstances to satisfy its obligation to pay interest through the issuance and sale of additional Shares."
with a maturity date of June 30, 2020