Looks like we are ""STUCK in LOW DRIVE"" aka 60's tuneIt Now IS VERY CLEAR that Mr Market does NOT LIKE the LIND Financing @ end of April.
The TERMS are just TOO SUFFOCATING__Keeping our share price LOCKED into a 19/21
Cent range the past 3 months now.
So WHAT do we NEED to Get OUT FROM this share price STAGNATION eh ?
https://stockhouse.com/companies/quote?symbol=v.tm Lind Partners Facility
Pursuant to the Agreement, Lind has agreed to make an investment of C$5,500,000, less a commitment fee of C$165,000, in exchange for a convertible security (the “Convertible Security”) with a face value of C$6,600,000 (the “Face Value”), representing a principal amount of C$5,500,000 (the “Principal Amount”) and a pre-paid interest amount of C$1,100,000 (the “Pre-Paid Interest”). Commencing four months from closing, Trigon will begin repaying the Convertible Security in C$275,000 monthly installments. Lind will have the right to convert any portion of the Principal Amount (less the commitment fee) into common shares of Trigon ("Common Shares") at a price per share of C$0.335 (the “Conversion Price”). Pre-Paid Interest will accrue over a period of 24 months from closing and be calculated at the end of each calendar month. Once accrued, Lind will have the option, once every 90 days, to convert accrued Pre-Paid Interest into Common Shares ("Common Shares") at a price equal to 90% of the market closing price of the Common Shares on the TSX Venture Exchange (the “Exchange”) on the day immediately prior to conversion (the "Interest Conversion Price").