Convertible bond

Convertible Noteholder Banned to Trade Penny Stocks, No Conversions, Tamino Minerals, Inc. Commences Litigation

Thursday, May 13, 2021 - 2:50pm

b'Toronto, Ontario--(Newsfile Corp. - May 13, 2021) - Tamino Minerals Inc. (OTC Pink: TINO) ("Tamino" or the "Company") has been informed that the Securities and Exchange Commission "SEC" has prohibited this Convertible Noteholder "Noteholder" from trading so-called "Penny Stocks".

Key Points: 
  • b'Toronto, Ontario--(Newsfile Corp. - May 13, 2021) - Tamino Minerals Inc. (OTC Pink: TINO) ("Tamino" or the "Company") has been informed that the Securities and Exchange Commission "SEC" has prohibited this Convertible Noteholder "Noteholder" from trading so-called "Penny Stocks".
  • Therefore, they will not be in a position to convert the Note that they currently hold into shares.
  • Therefore, Tamino will have no conversions at all as it had been posting on Social Media.\nBack in 2014, Tamino Minerals, Inc. entered a two staged financing with Noteholder consistent of a Direct and an Indirect component and because of their trading ban they will not be able to complete any further transactions.\nThe Company will provide further details as the litigation proceeds and we will be seeking punitive damages in this litigation.\nGovernment regulators are providing good oversight of the Penny Stock Market.
  • We are hereby making this Material Information available to our shareholders as we move towards becoming Pink Current Information in order to access a much higher Financial Reporting Tier.\nThe Company will soon be disclosing additional information regarding its ongoing Geological Exploration activities.\nTAMINO MINERALS INC. is exploring for high-grade gold deposits within a prolific gold producing geologic state, Sonora.\n'

Aluf Holdings, Inc. Announces Elimination of Convertible Debt and Accounts Payable by Over $750k

Wednesday, May 12, 2021 - 6:43pm

b'HOLLYWOOD, Fla., May 12, 2021 /PRNewswire/ -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announced major milestone in strengthening its financial position by reducing Convertible Notes Payable and Accounts Payable by a total of $751,908 as of March 31,2021.

Key Points: 
  • b'HOLLYWOOD, Fla., May 12, 2021 /PRNewswire/ -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announced major milestone in strengthening its financial position by reducing Convertible Notes Payable and Accounts Payable by a total of $751,908 as of March 31,2021.
  • We were able to settle a majority of convertible debt without conversion, deceasing potential dilution significantly.
  • While most OTC companies fall prey to toxic noteholders, our debt partners are taking part in our future growth," says Teresa McWilliams CFO of Aluf Holdings.
  • "We plan on making updates on our acquisition strategy and progress to date in the near future.

HIRE Technologies Announces $5 Million Private Placement of Convertible Debenture Units

Wednesday, May 12, 2021 - 12:30pm

b'NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES\nTORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- HIRE Technologies Inc. (TSXV: HIRE) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, is pleased to announce that it has entered into an agreement with Eight Capital to lead a brokered best efforts private placement of up to $5,000,000 aggregate principal amount of convertible debenture units (the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit (the \xe2\x80\x9cOffering\xe2\x80\x9d).

Key Points: 
  • b'NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES\nTORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- HIRE Technologies Inc. (TSXV: HIRE) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, is pleased to announce that it has entered into an agreement with Eight Capital to lead a brokered best efforts private placement of up to $5,000,000 aggregate principal amount of convertible debenture units (the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit (the \xe2\x80\x9cOffering\xe2\x80\x9d).
  • Eight Capital will have an option to sell up to 750 additional Convertible Debenture Units for a maximum aggregate gross proceeds from the Offering of $5,750,000.\nPursuant to the Offering, each Convertible Debenture Unit will be comprised of one unsecured convertible debenture (the \xe2\x80\x9cConvertible Debenture\xe2\x80\x9d) of the Company in the principal amount of $1,000 and common share purchase warrants (the \xe2\x80\x9cWarrants\xe2\x80\x9d) exercisable for 50% of the number of common shares issuable on conversion of a Convertible Debenture.
  • The company owns and operates staffing firms as well as platform technology that it uses to help those firms become more technologically advanced.
  • HIRE has a large recurring revenue base and helps our clients manage change in the workplace in order to achieve success.\n'

RYU Apparel Announces CEO Update

Tuesday, May 11, 2021 - 2:18pm

Company suspends previously announced convertible debenture financing

Key Points: 
  • As the CEO, understandably, I receive numerous calls from our shareholders each day concerned that the market conditions and current valuation are reflective of greater inner challenges inside RYU.
  • Nearly one year ago, when I accepted the position as CEO of RYU, I stated that all businesses, especially those in transition, experience challenges.
  • Due to unfavorable market conditions, the Company has decided to suspend the previously announced convertible debenture financing until market conditions and overall sentiment improve.
  • As compensation for this arrangement, North Equities has been granted 250,000 options as previously disclosed.\n'

Brazil Minerals Extinguishes Its Last Convertible Note and Now Has Zero Outstanding Investor Debt of Any Type

Monday, May 10, 2021 - 1:24pm

Brazil Minerals has already announced that its Bylaws have been changed to prohibit the Company from issuing any variable convertible debt again.\nOn May 7, 2021, Brazil Minerals paid $276,391 in cash to GW Holdings Group LLC to repurchase and extinguish the last convertible debt held by such fund in the Company.

Key Points: 
  • Brazil Minerals has already announced that its Bylaws have been changed to prohibit the Company from issuing any variable convertible debt again.\nOn May 7, 2021, Brazil Minerals paid $276,391 in cash to GW Holdings Group LLC to repurchase and extinguish the last convertible debt held by such fund in the Company.
  • The day before, May 6, 2021, a private trust converted the outstanding principal and accrued interest on the convertible note it held into Brazil Minerals\' common stock.
  • "\nBrazil Minerals, Inc. (OTC Pink: BMIX) is a lithium company with two 100%-owned hard-rock lithium projects in Brazil totaling over 80,000 acres.
  • The Company also has full ownership of projects in other strategic minerals such rare earths, titanium, nickel and cobalt.

Santhera Announces First Trading Day of New Convertible Bonds on SIX Swiss Exchange

Friday, May 7, 2021 - 6:00am

b"Pratteln, Switzerland, May 7, 2021 \xe2\x80\x93 Santhera Pharmaceuticals (SIX:\xc2\xa0SANN) announces that trading of its CHF\xc2\xa030,270,375 Senior Unsecured Convertible Bonds due 2024 is starting today on the SIX Swiss Exchange.\nOn May\xc2\xa04, 2021, Santhera Pharmaceuticals Holding AG issued Senior Unsecured Convertible Bonds due 2024 (the 2021/24 Bonds) in the aggregate principal amount of CHF\xc2\xa030,270,375.

Key Points: 
  • b"Pratteln, Switzerland, May 7, 2021 \xe2\x80\x93 Santhera Pharmaceuticals (SIX:\xc2\xa0SANN) announces that trading of its CHF\xc2\xa030,270,375 Senior Unsecured Convertible Bonds due 2024 is starting today on the SIX Swiss Exchange.\nOn May\xc2\xa04, 2021, Santhera Pharmaceuticals Holding AG issued Senior Unsecured Convertible Bonds due 2024 (the 2021/24 Bonds) in the aggregate principal amount of CHF\xc2\xa030,270,375.
  • The 2021/24 Bonds have been admitted to trading on the SIX Swiss Exchange.
  • The first trading day is today, May\xc2\xa07, 2021.
  • Santhera out-licensed ex-North American rights to its first approved product, Raxone\xc2\xae (idebenone), for the treatment of Leber's hereditary optic neuropathy (LHON) to Chiesi Group.

Cuda Oil and Gas Inc. Announces December 31, 2020 Year-End Financial and Operating Results

Tuesday, May 4, 2021 - 10:46pm

b'Calgary, Alberta--(Newsfile Corp. - May 4, 2021) - \xc2\xa0Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces its financial and operational results for the year ended December 31, 2020.

Key Points: 
  • b'Calgary, Alberta--(Newsfile Corp. - May 4, 2021) - \xc2\xa0Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces its financial and operational results for the year ended December 31, 2020.
  • Offsetting the Wyoming, United States, production increases were lower WTI prices as a result of COVID-19.
  • In addition, at December 31, 2020, the Company had convertible debentures in the amount of $1.67 million, including accrued unpaid interest.
  • The convertible debentures originally matured on July 21, 2020, however the Company was unable to repay the outstanding balances.

Santhera Announces Settlement of Exchange Offer and Issuance of New Senior Unsecured Convertible Bonds due 2024

Tuesday, May 4, 2021 - 6:00am

Santhera out-licensed ex-North American rights to its first approved product, Raxone\xc2\xae (idebenone), for the treatment of Leber\'s hereditary optic neuropathy (LHON) to Chiesi Group.

Key Points: 
  • Santhera out-licensed ex-North American rights to its first approved product, Raxone\xc2\xae (idebenone), for the treatment of Leber\'s hereditary optic neuropathy (LHON) to Chiesi Group.
  • It is not intended to extend the Exchange Offer to any such country or jurisdiction.
  • Information distributed in connection with the Exchange Offer is subject to Swiss disclosure requirements that are different from those of the United States.
  • Investors should make their decision to accept the Exchange Offer solely based on the Notice of a Repurchase Offer (Exchange of CHF\xc2\xa060,000,000 Senior Unsecured Convertible Bonds due 2022) and the preliminary offering and listing prospectus regarding the New Bonds, each dated March\xc2\xa025, 2021 which, subject to compliance with applicable securities laws, is accessible via https://www.santhera.com/investors-and-media/investor-toolbox/bond-excha... .

Queen's Road Capital Announces Investment in Los Andes Copper Ltd.

Monday, May 3, 2021 - 12:30pm

b'Hong Kong, Hong Kong--(Newsfile Corp. - May 3, 2021) - Queen\'s Road Capital Investment Ltd. (TSXV: QRC) (the "Company" or "Queen\'s Road Capital") is pleased to announce that it has entered into an agreement with Los Andes Copper Ltd. (TSXV: LA) ("Los Andes") whereby the Company will invest US$5,000,000 in Los Andes by way of convertible debenture.\nThe convertible debenture will have a 5-year term, carry an 8.0% coupon and will be convertible into Los Andes common shares at a share price of C$10.82, being a 30% premium to the 20-day volume weighted average share price of Los Andes on the TSX Venture Exchange.

Key Points: 
  • b'Hong Kong, Hong Kong--(Newsfile Corp. - May 3, 2021) - Queen\'s Road Capital Investment Ltd. (TSXV: QRC) (the "Company" or "Queen\'s Road Capital") is pleased to announce that it has entered into an agreement with Los Andes Copper Ltd. (TSXV: LA) ("Los Andes") whereby the Company will invest US$5,000,000 in Los Andes by way of convertible debenture.\nThe convertible debenture will have a 5-year term, carry an 8.0% coupon and will be convertible into Los Andes common shares at a share price of C$10.82, being a 30% premium to the 20-day volume weighted average share price of Los Andes on the TSX Venture Exchange.
  • Use of proceeds will be to complete the Vizcachitas pre-feasibility study.\nLos Andes Copper Ltd. is a Canadian company focused on developing the Vizcachitas copper-molybdenum porphyry project in Chile.
  • The company owns 100% of the Vizcachitas project, one of the largest advanced copper deposits in the Americas.
  • The project is currently undertaking a pre-feasibility study.\nWarren Gilman, Chairman and CEO of the Company commented: "Queen\'s Road Capital is happy that its first investment in the copper sector is in Los Andes Copper.

Los Andes Copper Announces Investment By Queen's Road Capital and Appointment of Non-Executive Director

Monday, May 3, 2021 - 7:00am

b'Vancouver, British Columbia--(Newsfile Corp. - May 3, 2021) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company") is pleased to announce that it has entered into an agreement with Queen\'s Road Capital Investment Ltd. (TSXV: QRC) ("Queen\'s Road Capital") whereby Queen\'s Road Capital will invest US$5,000,000 in Los Andes by the way of convertible debenture (the "Convertible Debenture").

Key Points: 
  • b'Vancouver, British Columbia--(Newsfile Corp. - May 3, 2021) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company") is pleased to announce that it has entered into an agreement with Queen\'s Road Capital Investment Ltd. (TSXV: QRC) ("Queen\'s Road Capital") whereby Queen\'s Road Capital will invest US$5,000,000 in Los Andes by the way of convertible debenture (the "Convertible Debenture").
  • "\nWarren Gilman, Chairman and CEO of Queen\'s Road Capital, commented:\n"Queen\'s Road Capital is happy that its first investment in the copper sector is in Los Andes Copper.
  • The Vizcachitas Project is potentially the most advanced, ready to build copper porphyry project in South America.
  • "\nAbout Queen\'s Road Capital Investment Ltd.\nQueen\'s Road Capital Investment Ltd. is a leading financier to the global resource sector.