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Integral Metals Announces Secured Convertible Debt Financing
Globenewswire· 2025-06-24 23:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, June 24, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | FSE: ZK9) (the “Company” or “Integral”) announces that it has entered into a secured convertible debt financing transaction (the “Transaction”) with a strategic investor (“Lender”) pursuant to which it has received loan proceeds of US$1,000,000 (the “Loan”) on the terms and conditions set forth in a Loan and Security Agreeme ...
The Beauty Health Company Announces Convertible Debt Refinancing
Globenewswire· 2025-05-21 12:00
Goldman Sachs is acting as exclusive financial advisor and Latham & Watkins LLP served as transaction counsel to BeautyHealth. Additional information regarding this announcement may be found in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. Refinancing extends maturity of existing debt and strengthens Company's financial position to advance growth strategy Forward-Looking Statements LONG BEACH, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- The Beauty Health Company (NASDAQ:S ...
Prospera Energy Announces Convertible Debt Private Placement and Operations Update
Globenewswire· 2025-05-12 22:55
Core Points - Prospera Energy Inc. plans to raise up to $2,000,000 through a non-brokered private placement of 12% convertible debentures, with conversion prices set at $0.05 for the first year and $0.10 for the second year [1][2] - The funds raised will be allocated for well reactivation, production optimization, strategic acquisitions, and working capital [2][4] - The offering includes a provision for a forced conversion if the company's shares trade at $0.125 for ten consecutive days [2] Financial Details - The convertible debentures will have a two-year term and will be secured by a second-priority lien, subordinate to existing senior debt [2][4] - Interest on the debentures is set at 12%, calculated quarterly and payable at maturity or conversion date, with the option to pay in cash or shares [2][4] - The company may pay finders a fee of 7% in cash and 7% in warrants for their assistance in the offering [2][3] Operational Updates - Prospera has mobilized a service rig to its Cuthbert property for a multi-well program aimed at increasing production [6] - Approximately 20% of the company's oil production is now committed to a seasonal asphalt sales agreement, enhancing netbacks through better pricing and transportation efficiencies [5] - The company is advancing a polymer flood pilot project in the Luseland pool, with three potential locations identified for optimal polymer injection [7] Strategic Initiatives - The corporation is working on consolidating its balance sheet under one senior secured debt instrument to enhance capital flexibility and support its business plan [4] - The company is expected to release its Q1 2025 financial statements on May 21, 2025, followed by an investor conference call on May 22, 2025 [8]