Convertible Debenture
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Prospera Announces Financing Update
Globenewswire· 2025-11-13 01:45
Core Points - Prospera Energy Inc. has increased its convertible debt offering from $3,000,000 to $4,000,000 due to strong insider participation and investor interest, with a target close date on or before December 14, 2025 [1][2] - The proceeds from the offering will be utilized for well reactivation, production optimization, and strengthening working capital [2][3] - The convertible debenture has a three-year term with a conversion price of $0.05 in the first year and $0.10 in the subsequent years, and it carries a 12% interest rate [3] Offering Details - The offering amount is set at $4,000,000 CAD, and the securities will be offered to qualified purchasers under applicable securities legislation exemptions [2][3] - The convertible debenture will be unsecured, and the company may pay finders a fee of 7% in cash and 7% in warrants [3] - The conversion price and warrants are subject to standard anti-dilution adjustments [3] Debt Settlements - Prospera has entered into agreements with four vendors to settle outstanding trade payables through the issuance of common shares, totaling $82,143.84 across various share prices [4] - The shares issued for debt settlements will be subject to a trading restriction of four months and a day from the date of issuance [4] Company Overview - Prospera Energy Inc. is a publicly traded Canadian energy company focused on the exploration, development, and production of crude oil and natural gas, with core properties located in Saskatchewan and Alberta [5] - The company aims to optimize recovery from legacy fields using environmentally safe and efficient methods [5]
Evergold Announces $350,000 Non-Brokered Convertible Debenture Private Placement with CJ Greig to Finance Drilling in Early November at the DEM Gold Prospect
Globenewswire· 2025-10-29 11:00
TORONTO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce that C.J. Greig Holdings Ltd., a company wholly-owned by C.J. “Charlie” Greig, a director of the Company and Evergold’s Chief Exploration Officer (the “Investor”), has agreed to subscribe for up to $350,000 (the “Offering”) of an unsecured convertible debenture (the “Debenture”). The Debenture bears interest at a rate of 7.5% per annum and will mature on December 31, 2026 ...
Colibri Clarifies Structure of Its Offerings
Newsfile· 2025-10-17 19:59
Dieppe, New Brunswick--(Newsfile Corp. - October 17, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to clarify and correct certain information regarding the structure of its securities offerings as disclosed in its news releases of October 6 and 16, 2025.The Company is currently conducting the following offerings:A non-brokered private placement of up to 8,333,333 units (the "Unit Offering") at a price of $0.15 per unit (a "Unit") for gross proceeds of up $1,250,000, E ...
RCF Private Equity Fund I L.P. Sells Shares of Orezone Gold Corporation
Globenewswire· 2025-10-09 03:07
Core Viewpoint - RCF Private Equity Fund I L.P. has filed an early warning report regarding its shareholdings in Orezone Gold Corporation following significant sales of Orezone shares, indicating a strategic move to generate proceeds from its investment [1][6]. Share Transactions - On October 7, 2025, RCF sold 1,001,400 Orezone shares at C$1.61, and on October 8, 2025, it sold 16,000,000 shares at C$1.50, totaling net proceeds of C$25,425,804.98 from these sales [2]. - Prior to these sales, RCF owned 32,415,660 Orezone shares, representing approximately 5.42% of the total issued shares. After the sales, RCF's ownership decreased to 15,414,260 shares, or about 2.58% [3]. Convertible Debenture - RCF holds a US$25 million convertible debenture from Orezone, which can be converted into shares at a price of US$0.70 per share. This debenture was originally issued on October 15, 2021, and amended on December 20, 2024 [4]. - If the debenture were fully converted before the sales, RCF would have owned 68,129,946 shares (10.75% of total shares). Post-sales, assuming full conversion, RCF would own 51,128,546 shares (8.07% of total shares) [5]. Investment Strategy - The sales of Orezone shares were executed in line with RCF's investment policy aimed at generating proceeds from its investment in Orezone. RCF may consider acquiring more securities, disposing of existing ones, or holding its current securities in the future [6].
Kinross Files Early Warning Report with respect to Asante Gold
Globenewswire· 2025-08-11 11:10
Core Viewpoint - Kinross Gold Corporation has amended its share purchase agreement with Asante Gold Corporation, which includes a cash payment of US$55 million and the acquisition of shares and a convertible debenture, potentially increasing Kinross's ownership in Asante to a maximum of 18% on a partially diluted basis [1][2][3]. Group 1: Transaction Details - The transaction involves Kinross acquiring 36,927,650 common shares of Asante at a price of C$1.45 per share and a convertible debenture convertible into shares at a price of C$1.81 per share for a period of five years [8]. - Kinross currently holds approximately 6.0% of Asante's issued shares on a non-diluted basis and 6.9% on a partially diluted basis, which will increase to approximately 9.5% on a non-diluted basis and up to 18% on a partially diluted basis post-transaction [3][4]. - If the transaction were to close immediately, Kinross would own approximately 17.3% of Asante's outstanding shares on a partially diluted basis [4]. Group 2: Regulatory and Advisory Information - Kinross has acquired beneficial ownership of more than 10% of Asante's outstanding shares, necessitating the issuance of a press release and an early warning report as per Canadian securities laws [5]. - INFOR Financial Inc. acted as the financial advisor and Osler, Hoskin & Harcourt LLP served as the legal advisor to Kinross regarding the purchase agreement and related negotiations [9]. Group 3: Company Overview - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada, focusing on responsible mining and operational excellence [10].