TSXV:CLAS.H - Post by User
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PresidentBidenon Mar 02, 2021 8:56am
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Post# 32693264
From KLY financials September 30th, 2020
From KLY financials September 30th, 2020 On October 30, 2019, the Company also announced it had entered into an agreement to amend the terms of the convertible debenture units issued to a single investor in a private placement on March 6, 2019. The convertible debenture units consist of CAD$787.5 thousands principal amount of 10.0% secured convertible debenture (the “Convertible Debenture”) maturing on March 6, 2021 and 12,115,384 Common share purchase warrants (the “Debenture Warrants”) initially expiring on March 6, 2021. Under the amendments, the conversion price of the Convertible Debenture (for the first 12 months following the issuance date) and the exercise price of the Debenture Warrants was reduced to CAD$0.05 from CAD$0.065.