Burcon Announces Non-Brokered Private Placement of Convertible Debentures and Execution of Loan Agreement

Core Points - Burcon NutraScience Corporation announced a non-brokered private placement of convertible debentures for up to $4 million, with insider participation of at least $2 million [1][2] - The convertible debentures will have a principal amount of $1,000, an interest rate of 15% per annum, and a conversion price of $2.27 per share [2][3] - The company plans to use the proceeds to accelerate growth, invest in inventory and production capabilities, and for general corporate purposes [5] Offering Details - The offering is expected to close on or about November 28, 2025, pending regulatory approvals [6] - The convertible debentures will be subject to a four-month and one-day resale restriction under Canadian securities laws [4] - The company may prepay the debentures if the share price exceeds $4.54 for 14 consecutive trading days [3] Loan Agreement - Burcon has entered into a loan agreement for an unsecured loan of $700,000 from a related entity, with a term expiring in four months or upon closing of the offering [10] - The loan bears an interest rate of 12% per annum and will be used for commercial production and as bridge funding until the convertible debentures offering closes [11] - The loan is considered a related party transaction and was approved by independent directors [12][13]