RE:RE:RE:do not know about you but Oops. I was off by a day. Should have said Jan. 10, 2021.
Tranche 5 closed on Sept. 9, 2020. It abides by the original terms of the Tranche financing originally announced April 28, 2020.
Here's the reference to the four months and one day VWAP triggers embedded in the financing;
------
The Company may require the Investor, at any point after four months and one day after the date of issuance of a Convertible Debenture, to convert:
- up to 50% of the principal amount of such Convertible Debenture if for any five consecutive trading days the volume weighted average price (the "VWAP") of the Common Shares on the TSXV is greater than 112% of the Conversion Price; or
- up to 100% of the principal amount of such Convertible Debenture if for any five consecutive trading days the VWAP of the Common Shares on the TSXV is greater than 120% of the Conversion Price; and/or
- 100% of the principal amount of such Convertible Debenture at any time by paying a mutually agreeable make-whole payment to the Investor,
plus in each case interest on the principal amount of such Convertible Debenture.
-----
cheers