Debentures have important dates coming soonThis is from the recent MD&A
As at the date of this MD&A, the Company also had the following convertible debentures outstanding:
Series A Debentures - $760,000 convertible into units at a conversion price of $0.07 per unit. The conversion price during the first year of the term (until September 26, 2023) is $0.07 per unit, increasing to $0.10 per unit for the remainder of the term. Each unit will consist of 1 common share of the Company and 1 common share purchase warrant of the Company, with each whole warrant entitling the holder to purchase one common Share at a price of $0.07 per common Share and mature on September 26, 2027.
Series B Debenture - $837,500 convertible into units at a conversion price of $0.10 per unit. Each unit will be comprised of one common share and one share purchase warrant exercisable into one common share of the Company at a price of $0.05 per common share and mature on November 29, 2023.
Series C Debentures - $1,557,548 convertible into units at a conversion price of $0.19 per unit. Each unit will be comprised of one common share and one share purchase warrant exercisable into one common share of the Company at a price of $0.19 per common share and mature on March 10, 2026.
Series D Debentures- $1,220,000 convertible into units at a conversion price of $0.07 per unit. The conversion price during the first year of the term (until September 26, 2023) is $0.07 per unit, increasing to $0.10 per unit for the remainder of the term. Each unit will consist of 1 common share of the Company and 1 common share purchase warrant of the Company, with each whole warrant entitling the holder to purchase one common Share at a price of $0.07 per common Share and mature on September 26, 2027.