RE:RE:RE:the endYes, we will have to see what happens.
This could be a great Las Vegas bet with a great pay out ?
Bets being placed (487K shatre being traded so far) @12 C
Time will Tell
The Debentures are secured against the Company’s assets in Mexico. Convertible debentures and liquidity The company is in advanced discussions with holders of more than 66-2/3 per cent of the principal of its outstanding convertible debentures maturing on July 30, 2023, in the principal amount of $17.9-million, with a view to extending the maturity date and more broadly restructure the debentures. The company has been actively working with the noted debentureholders to reach an agreement on the terms of such extension and restructuring; however, there can be no assurance that such agreement will be reached prior to maturity. Based on discussions to date, the company anticipates that the terms of any such extension and restructuring will differ from the terms announced on Jan. 9, 2023 (3).
In parallel, the company continues to actively assess various interim financing options as well as other corporate development and strategic opportunities to complement the company's go-forward strategy, which may include divestitures, mergers or spinoffs of the company's assets to provide additional near-term liquidity. There can be no assurance that any such interim financing will be secured or any such other opportunities realized.
The company will provide updates to the market on progress in due course if and when developments arise.
M2