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
Core Viewpoint - Evergold Corp. has announced a subscription agreement for up to $350,000 in unsecured convertible debentures, which will support drilling activities in the DEM Mountain Zone, aiming to explore promising intersections of precious and critical metals [1][2][3] Financing Details - C.J. Greig Holdings Ltd., owned by Evergold's Chief Exploration Officer, will subscribe for the debentures, which carry a 7.5% annual interest rate and mature on December 31, 2026 [1] - The principal amount can be converted into up to 1,521,739 common shares at a conversion price of $0.23 per share, along with detachable warrants [1][10] Drilling Plans and Results - The proceeds will facilitate immediate drilling below previously encouraging intersections of metals in the DEM Mountain Zone, with drilling expected to commence shortly [2][3] - Previous drill results indicated a broad zone of gold mineralization, with significant grades including 11.98 g/t Au over a narrow interval [4][9] - Proposed drill hole DEM25-06 aims to explore deeper continuity of the mineralized system, targeting approximately 200 meters below earlier intersections [5] Project Overview - The DEM property spans 12,728 hectares and is strategically located near Fort St. James, British Columbia, within a region known for significant mineral deposits [6][7] - The DEM prospect is characterized by geological features suggestive of a porphyry system, supported by geochemical and geophysical anomalies [8] Related Party Transaction - The issuance of the convertible debentures constitutes a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [10]
Colibri Clarifies Structure of Its Offerings
Newsfile· 2025-10-17 19:59
Core Points - Colibri Resource Corporation is conducting multiple securities offerings, including a non-brokered private placement and a debt conversion, while clarifying previous disclosures [1][5] - The company is focused on mineral exploration, particularly gold and silver properties in Mexico, holding several high-potential projects [3] Offering Details - The Unit Offering consists of up to 8,333,333 units priced at $0.15 each, aiming for gross proceeds of up to $1,250,000, with each unit including one common share and one warrant [5] - A debt conversion will exchange approximately $520,000 for up to 3,466,667 units, with no insider participation [5] - The Debenture Offering targets gross proceeds of up to US$250,000, consisting of convertible debentures and warrants, with a fixed conversion price of C$0.25 per common share [5] Company Overview - Colibri Resource Corporation is a Canadian mineral exploration company listed on the TSX Venture Exchange, focusing on acquiring and developing gold and silver properties in Mexico [3] - The company holds 100% ownership of the EP Gold Project, a 49% interest in the Pilar Gold & Silver Project, and a 60% interest in the Diamante Gold & Silver Project [3]
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].