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Yesterday Reklaim Ltd. ($MIYD.V $MYIDF) announced that it has insured senior secured debentures from institutional investors for aggregate gross proceeds of $1.64M.
The debentures mature in four years and pay interest at a rate of 12.0% per annum.
In a year $MYID will have the right to prepay the Debentures, in whole or in part.
The net proceeds will be used by $MYID for general working capital & general corporate purposes.
More here: https://ca.finance.yahoo.com/news/reklaim-completes-issuance-1-640-140500901.html
$MYID is trading stable at $0.24/share, MC is $16.171M
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