RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:5 Million plus shares traded today ?You actually have to read the prospectus to get the information on the conversion. It is on SEDAR. Here is the verbiage
Each Convertible Debenture will be convertible at the holder’s option into Conversion Shares, at any time prior to the close of business
on the earliest of (i) the business day immediately preceding the Maturity Date; or (ii) if subject to repurchase pursuant to a change of control, on the business day immediately preceding the payment date, subject to satisfaction of certain conditions, by notice to the holders of the Convertible Debentures in accordance with the Debenture Indenture, to convert any part, being $1,000 or an integral multiple of, of the principal amount of a Convertible Debenture into Conversion Shares at the Conversion Price in effect on the date of conversion.
ChuckFoo wrote: BarstoolSage wrote: No early conversion with the CD.s ... Option only available when the CD due. That is why I believe they decided to signal the holders that they were going to be made whole and make the conversion attractive...
RetiringYoung wrote: Did I miss something?Who says anyone exchanged debt for equity? They just repriced them at terms hugely favourable to holders.
THey have almost 5 months to decide if they want to convert, no one is doing that early unless they force conversion out of desperation for cash.
https://webfiles.thecse.com/Amended_Form_9_-_Notice_of_Issuance_of_Securities.pdf?fdDMXfTKasaNshyzKmL3_xS4OlE27v3L=
Each Warrant will entitle the holder to purchase one common share of the Issuer (each, a “Common Share”) at an exercise price of $0.90 per Common Share for a period of 24 months from the date of closing of the Private Placement.
they are able to convert at any time, not just at maturity.