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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]