another interesting nugget from prospectusIt is interesting that the amount of the prospectus ($50MUSD) is equal to the forcing milestone for debenture conversion described in that same prospectus, pasted below... I don't think this is a coincidence. My hope is that there is a $50M deal in the works. When it would close and be announced, I don't know.
"The Debenture will mature on March 22, 2026. Prior to the maturity date, the Company may force conversion of the Debentures at the conversion price upon raising US$50M in equity and/or debt cumulatively. On the maturity date, the Company may redeem the outstanding principal amount of the Debentures in either cash or common shares (at the then 5-day VWAP less a 10% discount) or a combination thereof at its election. Amounts redeemed in common shares on the Maturity Date are subject to prior TSX acceptance."
It almost reads as though the FSG/Boston Billionaires gave us a bridge loan to get us to this larger deal, and if it goes through, they are happy to have a stake in the company. If a deal doesn't go through, then in 2026, they have options.