RE:RE:RE:My Question and an Honest oneIs this why they haven’t closed their convertible debenture, will it get extended? What is really going on here and it’s not a smelter plan for Chromite?
Noront Resources convertible debenture extended
2019-11-06 18:01 ET - Miscellaneous
Further to the TSX Venture Exchange bulletins dated March 26, 2013, Jan. 12, 2016, July 12, 2016, Oct. 19, 2017, July 4, 2018, Feb. 20, 2019, and Oct. 7, 2019, the exchange has accepted for filing an amendment to the maturity date of the following convertible debenture.
Convertible debenture: $15-million (U.S.) principal amount
Conversion price: 34 Canadian cents per share until maturity
Maturity date: extended from Oct. 31, 2019, to Nov. 30, 2019
Interest rate: 8 per cent per annum
The convertible debenture was issued pursuant to a private placement, which was originally accepted for filing by the exchange effective March 26, 2013, and accepted on a replacement basis on Feb. 20, 2019.
For further information, please refer to the company's news release dated Nov. 1, 2019.