Quantum Int'l 1.5 million bonus warrants
2016-10-21 16:12 ET - Miscellaneous
The TSX Venture Exchange has accepted for filing Quantum International Income Corp.'s documentation pertaining to a secured term loan between the company and an arm's-length party (the lender). The lender has provided an aggregate loan of $11-million (U.S.) with redemption price of $11,956,521.17 (U.S.), which shall mature in 30 months and bears an interest rate of 16 per cent per annum.
Additionally, the company shall issue 1.5 million bonus warrants (each exercisable into one common share at a price of 13.44 cents for a 30-month period) to the lender in connection with the loan.
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