Debenture conversion
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Golden Sky Minerals Announces Conversion of Debenture into Common Shares
Newsfile· 2025-11-06 17:59
Core Viewpoint - Evanachan Limited, controlled by Rob McEwen, has converted a C$220,000 convertible debenture into 2,000,000 common shares of Golden Sky Minerals, reflecting confidence in the company's strategy and assets [1][2][3]. Group 1: Conversion Details - The conversion price was set at C$0.11 per share, resulting in the issuance of 2,000,000 common shares [2]. - Following the conversion, Rob McEwen holds approximately 9.0% of Golden Sky's issued and outstanding common shares on a non-diluted basis [2]. Group 2: Company Strategy and Projects - The conversion is seen as a significant vote of confidence in the company's team, strategy, and the quality of its assets, particularly the Rayfield-Gjoll Copper-Gold Project [3]. - The company remains focused on advancing the Rayfield project through an earn-in agreement with Boliden [3]. Group 3: Company Overview - Golden Sky Minerals is a Canadian mineral exploration company with a focus on high-potential copper and gold projects across British Columbia, Yukon, and Ontario [4]. - The flagship Rayfield Project is located in a promising porphyry copper-gold district, offering significant discovery potential and excellent infrastructure [4].
SCIENTURE Holdings Announces Full Repayment and Conversion of Outstanding Debentures, Strengthening Balance Sheet
Globenewswire· 2025-10-08 13:00
Core Viewpoint - Scienture Holdings, Inc. has entered into an agreement to fully discharge all outstanding balances on secured convertible debentures with Arena Investors, marking a significant step in strengthening its financial position and capital structure [1][3][4]. Group 1: Agreement Details - The agreement involves amending the conversion price of the debentures to $2.4861 per share of common stock, with Arena Investors agreeing to convert the remaining amounts owed into shares [2]. - Following the conversion, all obligations under the debentures and related documents are deemed paid in full, and all associated liens and security interests will be released [3]. Group 2: Strategic Implications - The conversion of the debentures is seen as a pivotal step in advancing the company's long-term strategic objectives, eliminating interest-bearing obligations, and optimizing the capital structure [4]. - The company aims to build on recent commercial momentum from its first product launch, positioning itself for accelerated growth [5].
Asante Announces Conversion of Convertible Debenture
Globenewswire· 2025-10-08 11:00
Core Points - Asante Gold Corporation announced the conversion of a secured convertible debenture held by Kinross Gold Corporation into common shares, totaling approximately US$80 million [1][2] - The conversion will result in the issuance of 61,735,867 shares at a price of C$1.81 per share, extinguishing all obligations related to the debenture [2][3] - The conversion is expected to strengthen Asante's balance sheet by eliminating debt and enhancing capital allocation for expansion projects at Bibiani and Chirano [3] Financial Impact - The total amount converted from the debenture is approximately US$80 million, which is equivalent to C$1.81 per share for 61,735,867 shares [1][2] - The conversion eliminates the convertible debenture from Asante's financial obligations, improving the company's financial position [2][3] Company Overview - Asante Gold Corporation operates gold mines in Ghana, specifically the Bibiani and Chirano Gold Mines, and is involved in exploration projects in the region [5] - The company is focused on advancing its expansion projects and increasing high-grade gold production to create long-term shareholder value [3][5]