Committed! On March 17, 2021, 267,600 common shares were issued pursuant to the terms of the convertible debentures which gave the holders the right to convert, prior to the announced redemption date of March 23, 2021, their convertible debentures at a conversion price of $2.50 per share, for an aggregate amount of $669.
My Take: I have never seen anybody pay a 100%+ premium to maintain ownership in an issuer. A minimum ownership requirement might be the reason but shares were available at less than half the conversion price.