NEWS just in .... TSX final approval must be imminent ......
LGC Capital subscription of Global Canna debenture
LGC Capital Ltd (C:LG)
Shares Issued 374,714,485
Last Close 9/19/2018 $0.185
Wednesday September 19 2018 - Miscellaneous
The TSX Venture Exchange has accepted for filing the documentation relating to an arm's-length subscription of a $2.5-million secured convertible debenture of Global Canna Labs Ltd. (GCL), with an annual interest rate of 7 per cent, convertible into a 30-per-cent interest in GCL. In addition, the company acquired a 5-per-cent royalty on GCL's net sales for a consideration of 15,854,141 common shares of the company.
The company paid a finder's fee of $128,750 in cash and 1,020,610 in common shares of the company in connection with the transaction.
For further information, please refer to the company's press releases dated Jan. 26, 2018, and Aug. 30, 2018.