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i-80 Gold Extends Deadline for Holders of Convertible Debentures to Submit Interest Conversion Election Notices
Prnewswire· 2026-02-25 17:01
i-80 Gold Extends Deadline for Holders of Convertible Debentures to Submit Interest Conversion Election Notices [Accessibility Statement] Skip NavigationTORONTO, Feb. 25, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") announces, that in connection with the previously announced mandatory redemption of the Company's 8% secured convertible debenture notes due 2027 (the "Debentures"), the deadline for the holders of the Debentures ("Debentureholders") to subm ...
Noveris Provides Supplemental Disclosure Regarding Previously Announced Convertible Debenture Issuances
Thenewswire· 2026-02-18 21:50
Core Viewpoint - Noveris Health Sciences Inc. has provided additional disclosure regarding the issuance of convertible debentures approved by shareholders, which are part of debt settlement transactions [1][2]. Convertible Debentures - The Company issued a convertible debenture of CAD $1,309,836 to CEO David Joshua Bartch for unpaid management fees on October 14, 2025 [3]. - The Bartch Convertible Debenture matures one year from issuance and is convertible after four months at a price based on the greater of the 20-day trailing volume-weighted average trading price or the minimum conversion price set by the Canadian Securities Exchange [4]. - A second convertible debenture was issued to Pioneer Garage Limited for a total of CAD $7,878,792, which includes amounts for invoices paid on behalf of the Company and equity consideration [6]. Potential Dilution and Control Implications - The Company currently has 1,235,061 common shares outstanding [7]. - Assuming a conversion price of CAD $0.185, full conversion could lead to approximately 50,903,321 common shares outstanding [8]. - The Bartch Convertible Debenture could result in approximately 7,080,195 common shares being issued, while the Pioneer Convertible Debenture could lead to approximately 42,588,065 common shares being issued, totaling around 49,668,260 shares upon full conversion [9]. Continued Listing Requirements - If the convertible debentures are fully converted, the Company may not meet the CSE's Continued Listing Requirements, which could lead to a review and potential suspension or delisting [11]. Related Party Transactions - The issuance of the convertible debentures constitutes related party transactions under MI 61-101, with exemptions from formal valuation requirements due to financial difficulty [12].
Diversified Royalty Corp. Announces the Exercise of the Over-Allotment Option in Connection with its Recently Completed $60 Million Bought Deal Offering of 5.75% Convertible Unsecured Subordinated Debentures
Globenewswire· 2026-02-09 22:05
Core Viewpoint - Diversified Royalty Corp. has successfully completed a bought deal public offering of $60 million in convertible debentures, with an additional $9 million from the Over-Allotment Option, bringing total gross proceeds to approximately $69 million [1][3]. Group 1: Offering Details - The offering consists of 5.75% convertible unsecured subordinated debentures priced at $1,000 each [1]. - The syndicate for the offering was co-led by CIBC Capital Markets and Desjardins Securities Inc., along with several other financial institutions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay outstanding amounts under the Corporation's acquisition facility, fund additions to royalty pools, and for working capital and general corporate purposes [3]. - Repaying the acquisition facility will increase the amount available for future acquisitions [3]. Group 3: Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [6]. - The company currently owns several well-known brands, including Mr. Lube + Tires, Sutton, and AIR MILES® [7]. - The objective of the company is to increase cash flow per share through accretive royalty purchases and to maintain a stable monthly dividend for shareholders [8].
Colibri Closes Debenture Units Offering
TMX Newsfile· 2026-02-09 20:13
Dieppe, New Brunswick--(Newsfile Corp. - February 9, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce that, further to its news release of February 2, 2026, it has issued 115 convertible debenture units (the "Debenture Units") for gross proceeds of US$115,000 (the "Debenture Offering"). The Debenture Units were acquired by two former debenture holders whose original debentures matured in August 2025. The Debenture Offering does not represent new money to the ...
Diversified Royalty Corp. Announces Increase to Previously Announced Public Offering of 5.75% Convertible Unsecured Subordinated Debentures to $60 Million
Globenewswire· 2026-02-03 13:51
Core Viewpoint - Diversified Royalty Corp. has revised its agreement with underwriters to increase the offering of convertible unsecured subordinated debentures to $60 million due to strong demand [1] Group 1: Offering Details - The offering consists of 5.75% convertible unsecured subordinated debentures priced at $1,000 each, with a total principal amount of $60 million [1] - An Over-Allotment Option allows underwriters to purchase an additional $9 million of debentures for market stabilization purposes within 30 days of the offering's closing [2] - The debentures will mature on March 31, 2031, and will bear interest at an annual rate of 5.75%, payable semi-annually starting September 30, 2026 [3] Group 2: Redemption and Conversion Terms - The debentures are not redeemable before March 31, 2029, and can be redeemed after that date under certain conditions related to the trading price of common shares [4] - Holders can convert the debentures into common shares at a conversion price of $5.35 per share, subject to adjustments [3] Group 3: Use of Proceeds - Net proceeds from the offering will be used to repay outstanding amounts under the acquisition facility, fund additions to royalty pools, and for working capital and general corporate purposes [5] Group 4: Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [9] - The company currently owns several brands, including Mr. Lube + Tires, Sutton, and AIR MILES®, among others [10] - The objective of the company is to increase cash flow per share through accretive royalty purchases and to maintain a stable monthly dividend for shareholders [11]
Herbal Dispatch Announces Extension of Convertible Debentures
TMX Newsfile· 2026-02-03 08:01
Core Viewpoint - Herbal Dispatch Inc. has amended the terms of its unsecured convertible debentures, extending the maturity date from January 31, 2026, to January 31, 2028, while maintaining other terms such as a 14% annual interest rate and a conversion price of CAD$0.06 [1][2]. Group 1: Amendment Details - The final amendment to the Convertible Debentures extends the maturity date to January 31, 2028, with the interest rate remaining at 14% per annum, a conversion price of CAD$0.06, and a threshold price of CAD$0.12 [2]. - The Company obtained an exemption from the Canadian Securities Exchange regarding certain requirements for convertible debenture amendments [3]. Group 2: Related Party Transactions - The amendment constitutes a "related party transaction" as both Mr. Malcolm and Mr. Dhaliwal are directors of the Company, requiring formal valuation and minority shareholder approval unless exemptions apply [4]. - The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements, asserting that the fair market value involved does not exceed 25% of the Company's market capitalization [5]. - The Board of Directors unanimously approved the Amendment, with Mr. Malcolm and Mr. Dhaliwal abstaining from the resolution [6]. Group 3: Company Overview - Herbal Dispatch Inc. is a leading operator of cannabis e-commerce platforms in Canada, providing quality medical and recreational products to consumers [8]. - The Company is actively expanding through exports to international markets, positioning itself for sustained growth and new revenue opportunities [8].
Colibri to Conduct Placement of Debenture Units
TMX Newsfile· 2026-02-02 21:21
Dieppe, New Brunswick--(Newsfile Corp. - February 2, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce that, further to its news release of October 17, 2025, it will be conducting a revised placement of up to 115 convertible debenture units (the "Debenture Units") for gross proceeds of up to US$115,000 (the "Debenture Offering"). The Debenture Offering is expected be taken up in its entirety by former debenture holders whose debentures matured in August 2025. ...
Newlox Gold Announces Issuance of Convertible Debentures and Amendment of Convertible Debentures and Warrants
Thenewswire· 2026-01-19 23:30
Core Viewpoint - Newlox Gold Ventures Corp. is planning a non-brokered private placement to raise up to $1,023,000 through the issuance of convertible debentures and warrants, while also amending existing debentures and warrants from a previous placement [1][2][9][10]. Group 1: Private Placement Details - The private placement will consist of up to 1,000 units priced at $1,023 each, totaling gross proceeds of up to $1,023,000 [1]. - Each unit will include a two-year 5% unsecured convertible debenture and 9,300 common share purchase warrants [1]. - The new debentures will have a principal amount of $1,000, a 5% annual interest rate, and will be convertible into common shares at a price of $0.11 per share [3]. - Each new warrant will allow the holder to acquire one common share at a price of $0.15 for two years from the date of issue [4]. Group 2: Related Party Transaction - Mr. MacKay, an insider of the Corporation, plans to participate in the private placement with an investment of $41,400 [6]. - This participation is classified as a "related party transaction" under Multilateral Instrument 61-101, but is expected to be exempt from formal valuation and minority shareholder approval requirements [7]. Group 3: Use of Proceeds - The net proceeds from the private placement will be utilized for general corporate purposes [8]. Group 4: Amendments to Prior Debentures and Warrants - The Corporation will amend the terms of $403,500 in prior convertible debentures, extending their maturity by 24 months and reducing the interest rate from 10% to 5% [2][9]. - The conversion price of the prior debentures will be reduced from $0.15 to $0.11 [9]. - The Corporation also intends to extend the expiry date and reduce the exercise price of the prior warrants from $0.25 to $0.15, extending the exercise period by two years [10]. Group 5: Company Overview - Newlox Gold Ventures Corp. is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals while addressing historical mine waste and supporting local economic development [12].
Burcon Announces Closing of First Tranche of Non-Brokered Private Placement of Convertible Debentures
TMX Newsfile· 2026-01-02 13:00
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2026) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BRCNF) ("Burcon" or the "Company"), a global technology leader in plant-based protein innovation, is pleased to announce the closing of the first tranche of a non-brokered private placement of convertible debentures (the "Convertible Debentures") for an aggregate principal amount of up to $6.3 million (the "Private Placement"). Insiders of the Company and Burcon's manufacturing partner owners ...
1933 Industries Announces Maturity of Unsecured Convertible Debentures and Encourages Conversion to Support Continued Growth
Accessnewswire· 2025-12-18 05:25
Core Points - 1933 Industries Inc. has announced that its unsecured convertible debentures issued in 2024, totaling approximately $2,598,000, will mature on December 31, 2025 [1] - The company has conducted a review of its financial position and operating performance, concluding that it currently lacks sufficient cash resources to repay the principal amount of the 2024 Debentures without significantly impairing its operational capabilities [1]