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Charbone Hydrogen debentures for debt
2024-06-14 16:16 ET - Shares for Debt
Further to the TSX Venture Exchange bulletin dated Feb. 9, 2024, the exchange has accepted for filing the company's proposal to issue an additional $100,000 above the original $300,000 principal amount secured convertible debentures to settle total outstanding debt of $400,000.
Convertible debentures (original): $300,000 principal amount
Convertible debentures (amended): $400,000 principal amount
Conversion price: principal is convertible into common shares at 10 cents per share
Maturity date (original): March 30, 2025
Maturity date (amended): Sept. 30, 2025
Interest rate: 12 per cent per annum
Number of creditors: one creditor
For more information, please refer to the company's news releases dated Aug. 31, 2023, Jan. 31, 2024, and March 26, 2024.