Convertible Debenture Units
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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 ...
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. ...
EdgeTI Announces Non-Brokered Proposed Private Placement of C$10,000,000 via Convertible Debenture Units
Newsfile· 2025-12-10 22:34
Core Viewpoint - Edge Total Intelligence Inc. is conducting a private placement of up to 7,250 debenture units, aiming for gross proceeds of up to US$7,250,000 [1][7] Offering Details - Each debenture unit consists of one unsecured convertible debenture of US$1,000 and 675 subordinate voting share purchase warrants [2] - The debentures will mature in three years, with interest rates of 6.00% in the first year, 8.00% in the second year, and 10.00% in the third year [3] - A make whole minimum payment of 24% non-compounded simple interest will be paid if a trigger event occurs, such as a merger resulting in shares being listed on a US exchange [3][4] Conversion and Warrant Features - Upon completion of a trigger event, accrued principal and interest will convert into shares at a 10% discount to the volume-weighted average price [4] - Each warrant allows the holder to acquire one subordinate voting share at C$2.00, with an acceleration clause if the share price exceeds US$4.00 [5] Financial Arrangements - The company will pay the agent cash commissions of up to 8% on sourced subscriptions and a 1% management fee on total gross proceeds [9] - Compensation warrants will be issued to the agent, representing up to 5% of the resulting issuer shares [9] Regulatory and Closing Information - The offering is expected to close by the end of 2025, subject to regulatory approvals, including conditional approval from the TSXV [7] - All issued debentures and warrants will be subject to a hold period under Canadian and US securities laws [10]
Permex Petroleum Announces Closing of US$2,000,000 Private Placement of Convertible Debentures
Newsfile· 2025-07-11 21:12
Core Points - Permex Petroleum Corporation has successfully closed a private placement of convertible debenture units, raising gross proceeds of US$2,000,000 [1][2] Group 1: Offering Details - The Offering consisted of 2,000 Units, each comprising one convertible debenture with a principal amount of US$1,000 and 393 common share purchase warrants [2] - The Debentures will mature one year from the issuance date and bear simple interest at a rate of 10%, payable on the Maturity Date or upon repayment [3] - Holders of the Debentures can convert the principal and accrued interest into Shares at a conversion price of US$2.54, subject to certain conditions [4] Group 2: Use of Proceeds - The proceeds from the Offering are intended for general working capital purposes [5] Group 3: Subscriber Information - Kent Lindemuth acquired all 2,000 Units for a total consideration of US$2,000,000, increasing his ownership in the company to 81.71% of the issued and outstanding Shares on a partially-diluted basis [10] Group 4: Company Overview - Permex Petroleum is a junior oil and gas company with operations in the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico, focusing on low-cost development and sustainable growth [12]