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Ventripoint issues 131,430 shares for interest payment
2021-02-10 16:08 ET - News Release
An anonymous director reports
VENTRIPOINT DIAGNOSTICS ISSUES SHARES IN FINAL PAYMENT OF DEBENTURE INTEREST
Ventripoint Diagnostics Ltd. issued an aggregate of 131,430 shares for the final interest payment of $23,274 on convertible debentures issued by the company on Feb. 6, 2020, replacement convertible debentures issued the same date and a convertible debenture issued Sept. 11, 2020. All debentures have been converted to common shares of the company, and interest is calculated to the date of conversion. The shares will be issued at a deemed price based on the closing market price of the shares on the date of conversion, subject to the approval of the TSX Venture Exchange. Two directors of the company will receive a total of 49,255 common shares in final payment of $5,967.20 of interest on their debentures.