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AI/ML Innovations Inc. Announces Closing of First Tranche of Private Placement to Raise $950,000
Accessnewswire· 2026-03-27 21:00
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, ON / ACCESS Newswire / March 27, 2026 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FSE:42FB) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") pursuant to which the Company has issued convertible debentures ("Debentures") in the aggregate principal amount of $950,000. The Debentures may ...
Bell Copper Announces Update to Non-Brokered Convertible Debenture Financing with Crescat Capital LLC
TMX Newsfile· 2026-03-25 11:44
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Bell Copper Corporation (TSXV: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") announces, further to its news release of March 6, 2026 regarding a non-brokered financing ("Financing") of $2,052,000 secured 10% convertible debentures (the "Debentures") arranged through Crescat Portfolio Management LLC and/or its nominees ("Crescat"), that the conversion price of the Debentures into common share of the Company ("Shares") during the first y ...
AI/ML Innovations Inc. Announces Proposed Private Placement of Convertible Debentures
Accessnewswire· 2026-03-12 23:30
Core Viewpoint - AI/ML Innovations Inc. is proposing a non-brokered private placement to issue convertible debentures totaling up to $3,000,000 [1] Group 1: Offering Details - The company will issue convertible debentures in the principal amount of up to $3,000,000 [1] - The debentures can be converted into units at a conversion price of $0.05 per unit [1] - Each unit consists of one common share and one common share purchase warrant [1]
Barksdale Completes Amendments to Convertible Debentures and Warrants Held by Delbrook Capital Funds
TMX Newsfile· 2026-01-20 22:00
Core Viewpoint - Barksdale Resources Corp. has successfully amended the terms of its secured convertible debentures and associated warrants, which is expected to improve the company's financial position and extend the maturity of its debt obligations [2][9]. Summary by Sections Amendments to Convertible Debentures - The maturity date of the $1,500,000 secured convertible debentures has been extended from December 31, 2027, to December 31, 2028, with the conversion price reduced from $0.12 to $0.10 per share [3]. - The expiry date of the associated 8,000,000 detachable common share purchase warrants has also been extended to December 31, 2028, with the exercise price reduced from $0.12 to $0.10 per share [3]. - The maturity date of the $3,000,000 secured convertible debentures has similarly been extended to December 31, 2028 [3]. - The expiry date of the associated 7,500,000 detachable common share purchase warrants has been extended to December 31, 2028 [3]. Interest and Put Right - All convertible debentures bear an interest rate of 10% per annum and include a holder put right, allowing holders to require the company to repurchase the outstanding principal amount on or after December 31, 2027 [4]. New Warrants Issued - In consideration for the amendments, the company has issued 7,000,000 new detachable common share purchase warrants to the Delbrook Capital Funds, with each warrant allowing the purchase of one share at a price of $0.09 until December 31, 2028 [5]. Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through the acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas, focusing on metals essential for the global energy transition [7][8].
Barksdale Announces All Existing Convertible Debentures Held by Delbrook Capital Advisors Extended to December 31, 2028
TMX Newsfile· 2026-01-08 03:12
Core Viewpoint - Barksdale Resources Corp. is seeking TSX Venture Exchange acceptance to amend the terms of its debentures and associated warrants held by Delbrook Capital Advisors Inc., which includes extending maturity dates and reducing conversion and exercise prices [1][4]. Summary by Relevant Sections Debenture Amendments - The maturity date of the secured convertible debentures totaling CDN$1,500,000 will be extended from December 31, 2027, to December 31, 2028, with a reduction in conversion price from CDN$0.12 to CDN$0.10 per share [1]. - The maturity date of the secured convertible debentures totaling CDN$3,000,000 will also be extended from December 31, 2027, to December 31, 2028 [1]. Associated Warrants - The expiry date of the 8,000,000 detachable common share purchase warrants linked to the CDN$1,500,000 Debentures will be extended to December 31, 2028, with the exercise price reduced from CDN$0.12 to CDN$0.10 per share [1]. - The expiry date of the 7,500,000 detachable common share purchase warrants linked to the CDN$3,000,000 Debentures will similarly be extended to December 31, 2028 [1]. New Warrants Issuance - In exchange for the amendments, Barksdale plans to issue 7,000,000 new detachable common share purchase warrants to Delbrook, allowing the purchase of shares at a price of CDN$0.09 per share until December 31, 2028 [4]. Interest Rates - Both the CDN$1,500,000 and CDN$3,000,000 Debentures bear an interest rate of 10% per annum and are convertible into common shares of the company [2]. Put Right Provision - The debentures include a holder put right, allowing Delbrook to require the company to repurchase all or part of the outstanding principal amount after December 31, 2027, with specific conditions regarding the acceleration of warrant expiry dates [3]. Company Overview - Barksdale Resources Corp. is a base metal exploration company focused on acquiring and advancing base metal projects in North America, including the Sunnyside and San Antonio projects in Arizona and the San Javier project in Mexico [7].
Condor Announces Closing of $13.65 Million Brokered Financing to Accelerate the 12 Well Drilling Program in Uzbekistan
Globenewswire· 2025-12-24 19:15
Core Viewpoint - Condor Energies Inc. has successfully closed a brokered private placement of convertible debentures, raising gross proceeds of $13,650,000 to fund development activities in Uzbekistan and enhance production capabilities [1][4]. Group 1: Offering Details - The private placement involved the issuance of convertible debentures priced at $1,000 each, with a total gross amount of $13,650,000, including an over-allotment option [1][2]. - Each convertible debenture has a principal value of $1,000, convertible into common shares at a conversion price of $2.00 per share, maturing on December 24, 2028, with a 12% annual interest rate payable semi-annually [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to mobilizing a second drilling rig for a planned 12 well drilling program in Uzbekistan in 2026, as well as for in-field compression facilities to boost production and cash flow [4]. Group 3: Agent and Fees - Research Capital Corporation acted as the sole bookrunner and co-lead agent, with Canaccord Genuity Corp. as co-lead agent, and a cash commission of $492,700 was paid to the agents along with the issuance of broker warrants [2][6].
Condor Energies Announces Upsize of Brokered Financing to $12 Million to Accelerate the 12 Well Drilling Program in Uzbekistan
Globenewswire· 2025-12-16 13:00
Core Viewpoint - Condor Energies Inc. has announced an increase in its brokered private placement of convertible debentures due to strong demand, aiming for gross proceeds of up to $12,000,000 [1] Group 1: Offering Details - The convertible debentures have a principal value of $1,000, convertible into common shares at a conversion price of $2.00 per share, maturing in 36 months [2] - The offering includes an Over-Allotment Option allowing an increase of up to 15% in size, exercisable by the agents prior to closing [3] - The offering is expected to close around the week of December 22, 2025, subject to regulatory approvals [6] Group 2: Use of Proceeds - Net proceeds from the offering will be utilized to accelerate development activities in Uzbekistan, including mobilizing a second drilling rig for a planned 12 well drilling program in 2026 and for in-field compression facilities [4] Group 3: Financial Terms - The convertible debentures will accrue interest at 12% per annum, payable semi-annually in cash, and will be repaid in cash at maturity [2] - The company will pay agents a cash commission of 6% of gross proceeds, with a reduced commission for certain orders, and issue broker warrants equal to 3% of common shares issuable upon conversion [7]
Condor Energies Announces a $10 Million Brokered Financing to Accelerate the 12 Well Drilling Program in Uzbekistan
Globenewswire· 2025-12-09 21:05
Core Viewpoint - Condor Energies Inc. has announced a brokered private placement of convertible debentures, aiming to raise up to $10 million to fund development activities in Uzbekistan and enhance production capabilities [1][4]. Offering Details - The convertible debentures will be priced at $1,000 each, with a total gross proceeds target of $10 million [1]. - Each debenture has a principal value of $1,000, convertible into common shares at a conversion price of $2.00 per share, maturing in 36 months [2]. - The interest rate on the debentures is set at 12% per annum, payable semi-annually in cash [2]. Use of Proceeds - The net proceeds from the offering will be utilized to mobilize a second drilling rig for a planned 12 well drilling program in Uzbekistan in 2026, and for in-field compression facilities to boost production and cash flow [4]. Over-Allotment Option - The company has granted the agents an option to increase the offering size by up to 15%, which can be exercised up to 48 hours before the closing [3]. Closing Timeline - The offering is expected to close around the week of December 22, 2025, subject to regulatory approvals [6]. Agent Compensation - The company will pay a cash commission of 6% on the gross proceeds and issue broker warrants equal to 3% of the common shares issuable upon conversion of the debentures [7].
Canadian Net Announces the Closing of Its Private Placement of Convertible Debentures
Globenewswire· 2025-12-01 17:44
Core Viewpoint - Canadian Net Real Estate Investment Trust has successfully closed a non-brokered private placement of unsecured convertible debentures amounting to $4.0 million, aimed at supporting its growth and financial flexibility [1][2][5]. Group 1: Private Placement Details - The private placement involved the issuance of $4.0 million in principal amount of convertible debentures, which will mature on December 1, 2030, and bear an annual interest rate of 7.0% payable semi-annually [2]. - The convertible debentures are convertible into units of Canadian Net at a conversion price of $6.75 per unit, with the company having the right to redeem them after December 1, 2028, if certain market conditions are met [2][3]. Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for acquisitions, repayment of outstanding indebtedness, transaction costs, and general working capital purposes [4]. Group 3: Company Background - Canadian Net Real Estate Investment Trust is an open-ended trust focused on acquiring and owning high-quality triple net and management-free commercial real estate properties [6].
Galleon Gold Announces Interest Payment on Convertible Debentures
Newsfile· 2025-11-17 22:00
Core Viewpoint - Galleon Gold Corp. has opted to fulfill its interest payment obligations on convertible debentures by issuing common shares instead of cash, which is subject to approval from the TSX Venture Exchange [1][3]. Group 1: Convertible Debentures and Interest Payments - The company issued convertible debentures on April 12, 2024, April 19, 2024, and April 29, 2024, and has decided to pay accrued interest by issuing common shares [1][2]. - A total of $87,012.74 in interest will be paid by issuing 134,998 common shares for the interest payments due on April 12, 2025, and April 19, 2025 [3]. - An additional $45,211.64 in interest will be satisfied by issuing 67,637 common shares for the interest payment due on April 29, 2025 [4]. Group 2: Related Party Transactions - Certain officers and insiders of the company hold the convertible debentures, making the interest payment a "related party transaction" under Multilateral Instrument 61-101 [5]. - The interest payment is exempt from minority approval and formal valuation requirements as neither the fair market value of the debt nor the shares to be issued exceeds 25% of the company's market capitalization [5]. Group 3: Company Overview - Galleon Gold is focused on the West Cache Gold Project in Timmins, Ontario, which is located near significant mining operations [6]. - The company is preparing for its first test mining at West Cache, with an 86,500-tonne underground bulk sample aimed at providing data for feasibility studies [6]. - The strategy of Galleon Gold includes systematically derisking the project while pursuing grassroots exploration to enhance asset value [6].