Hanna Capital Corp.
Search documents
Hanna Updates Debt Conversion and Private Placement
Accessnewswire· 2025-09-15 23:00
TORONTO, ON / ACCESS Newswire / September 15, 2025 / Hanna Capital Corp. (the "Corporation") announces, that further to its press release dated June 30, 2025, the terms of the previously announced debt conversion agreements (collectively, the "Debt Agreements") with the six (6) creditors (collectively, the "Creditors"), all of which are arm's length parties to the Corporation, have been amended. Pursuant to the terms of the Debt Agreements, the Corporation has agreed to issue an aggregate of 45,917,936 comm ...
Hanna Announces Private Placement of Convertible Debentures
Globenewswire· 2025-04-09 15:11
Core Viewpoint - Hanna Capital Corp. plans to raise up to $500,000 through a non-brokered private placement of secured convertible debenture units and/or units [1] Debenture Unit Offering - Each Debenture Unit consists of $10,000 principal amount of secured convertible debt and includes 500,000 common share purchase warrants [2] - Each Warrant allows the holder to acquire one common share at an exercise price of $0.05 for one year from issuance [2] - The Debentures will mature in three years, carrying an interest rate of 12% per annum, with interest paid monthly [3] - Debentures can be converted into common shares at a price of $0.01 per share [3] Unit Offering - Each Unit is priced at $0.01 and consists of one common share and one common share purchase warrant [4] - Each Warrant allows the holder to acquire one common share at a price of $0.05 for 36 months following issuance [4] Regulatory and Use of Proceeds - The private placement is subject to necessary regulatory approvals and a four-month hold period under Canadian securities laws [5] - The net proceeds will be used for general working capital [5]