Convertible bond

EQS-News: GLOBAL FASHION GROUP REPORTS Q3 2023 RESULTS

Retrieved on:

Thursday, December 14, 2023

Pressure, EBITDA, GFG, NMV, ANZ, Cost, Marketplace, Growth, Convertible bond, Security (finance), SEA, LATAM, Q3

Luxembourg, 9 November 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to strategically position itself for a return to growth, underpinned by ongoing efficiency measures and cost initiatives.

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Luxembourg, 9 November 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to strategically position itself for a return to growth, underpinned by ongoing efficiency measures and cost initiatives.
This includes our transition to a robust platform business and emphasis on driving technology-enabled efficiency through reducing costs and complexity.
In Q3 2023, GFG’s Net Merchandise Value (NMV) and Revenue were down 19.4% and 25.0% yoy respectively.
Due to market challenges, the Group streamlined the LATAM business and decided to close operations in Argentina, which accounted for 4% of Group NMV and 3% of Revenue in H1 2023.

Mednow Announces Senior Secured Convertible Debenture Financing by Mednow Management

Retrieved on:

Monday, September 11, 2023

Mednow Inc. (TSXV: MNOW) (OTCQX: MDNWF) ("Mednow" or the "Company"), Canada’s on-demand virtual pharmacy, is pleased to announce a private placement offering of a secured convertible debenture (the “Convertible Debenture”) for gross proceeds of $400,000 (the “Offering”).

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Mednow Inc. (TSXV: MNOW) (OTCQX: MDNWF) ("Mednow" or the "Company"), Canada’s on-demand virtual pharmacy, is pleased to announce a private placement offering of a secured convertible debenture (the “Convertible Debenture”) for gross proceeds of $400,000 (the “Offering”).
The Convertible Debenture will bear interest at a rate of 12.0% per annum and mature eighteen (18) months following the date of issuance (the “Maturity Date”).
There will also be a share pledge of the shares of certain of the Company’s subsidiaries in favour of the Convertible Debenture holder.
The Convertible Debenture to be issued pursuant to the Offering are subject to a statutory hold period of four months from the date of issuance.

Mednow Announces Closing of Senior Secured Convertible Debenture Financing by Mednow Management

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Tuesday, August 1, 2023

Mednow Inc. (TSXV: MNOW) (OTCQX: MDNWF) ("Mednow" or the "Company"), Canada’s on-demand virtual pharmacy, is pleased to announce the closing of the previously announced non-brokered private placement offering of a secured convertible debenture (the “Convertible Debenture”) for gross proceeds of $400,000 (the “Offering”).

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Mednow Inc. (TSXV: MNOW) (OTCQX: MDNWF) ("Mednow" or the "Company"), Canada’s on-demand virtual pharmacy, is pleased to announce the closing of the previously announced non-brokered private placement offering of a secured convertible debenture (the “Convertible Debenture”) for gross proceeds of $400,000 (the “Offering”).
The Convertible Debenture bears interest at a rate of 12.0% per annum and matures eighteen (18) months following the date of issuance (the “Maturity Date”).
There is also be a share pledge of the shares of certain of the Company’s subsidiaries in favour of the Convertible Debenture holder.
The Convertible Debenture issued pursuant to the Offering is subject to a statutory hold period of four months from the date of issuance.

LION ELECTRIC ANNOUNCES FINANCING TRANSACTIONS FOR APPROXIMATE AGGREGATE GROSS PROCEEDS OF US$142 MILLION

Retrieved on:

Monday, July 17, 2023

Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;

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Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;
Company to extend the maturity of its senior credit facilities by one year to August, 2025 concurrently with closing;
Company to cancel its ATM program.
MONTREAL, July 17, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that the Company has entered into subscription agreements with investors contemplating concurrent financing transactions for aggregate gross proceeds to the Company of approximately US$142 million (the "Financing").
"This financing transaction represents a key milestone for Lion, as it provides us with flexibility to execute our growth plans.
assuming only IQ converts its Convertible Debentures into Common Shares and no other share issuance by the Company), prior to the date of closing of the Financing.

PyroGenesis Amends Terms of Brokered Private Placement of Convertible Debenture Units, Including Participation by CEO

Retrieved on:

Monday, July 10, 2023

Indian stock exchange, NOT, FOR, Conversion, Toronto Stock Exchange, Person, Exchange, FRA, Sale, WIRE, Offering, Convertible bond, NEWS, Finance Secretary (India), TSX, News, Security (finance), Agent

MONTREAL, July 10, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (“PyroGenesis” or the “Company”), is pleased to announce that it has amended certain terms of its previously announced “best-efforts” brokered private placement offering (the “Offering”) led by Research Capital Corporation as the sole agent and sole bookrunner (“Agent”), of up to 5,000 unsecured convertible debenture units of the Company (the “Convertible Debenture Units”) at a price of C$1,000 per Debenture Unit, for gross proceeds of up to C$5,000,000. In connection with the Offering, P. Peter Pascali, President, CEO, and Director intends to subscribe for up to C$2,000,000 of Convertible Debenture Units.

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In connection with the Offering, P. Peter Pascali, President, CEO, and Director intends to subscribe for up to C$2,000,000 of Convertible Debenture Units.
Pursuant to the amended terms, each Convertible Debenture Unit will consist of one 10.0% unsecured convertible debenture of the Company (a “Convertible Debenture”) with a maturity of 36 months from the date of issuance (the “Maturity Date”) and 1,000 common share purchase warrants of the Company (each, a “Warrant”).
Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NXT Receives Payment Towards the Closing of Second Tranche of the US$2.3 Million Convertible Debenture

Retrieved on:

Monday, July 10, 2023

SFD, CAD, Sale, Synergy, Convertible bond, TSX, News, NXT, Security (finance)

The total amount received to date is US$1.4 million.

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The total amount received to date is US$1.4 million.
The terms of the US$1.4 million of the Convertible Debenture received to date include an interest rate of 10%, paid quarterly, and a fixed conversion price of CAD$0.194 (US$0.143) per common share.
Ataraxia intends to advance the remaining US$900,000 in the near future with the conversion price adjusted to reflect the higher market price of NXT’s shares.
The proceeds from the Convertible Debenture will fund general and administrative costs including business development and marketing activities to convert NXT’s existing opportunity pipeline into firm contracts.

PyroGenesis Announces $5 Million Brokered Private Placement of Convertible Debenture Units, Including Participation by CEO

Retrieved on:

Thursday, June 22, 2023

MONTREAL, June 22, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY) (“PyroGenesis” or the “Company”), is pleased to announce that it has entered into an agreement with Research Capital Corporation as the sole agent and sole bookrunner (“Agent”), in connection with a “best-efforts” brokered private placement offering of up to 5,000 unsecured convertible debenture units of the Company (the “Convertible Debenture Units”) at a price of C$1,000 per Debenture Unit, for proceeds of up to C$5,000,000 (the “Offering”). In connection with the Offering, P. Peter Pascali, President, CEO, and Director intends to subscribe for up to C$2,000,000 of Convertible Debenture Units.

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In connection with the Offering, P. Peter Pascali, President, CEO, and Director intends to subscribe for up to C$2,000,000 of Convertible Debenture Units.
Each Convertible Debenture Unit will consist of one 10.0% unsecured convertible debenture of the Company (a “Convertible Debenture”) with a maturity of 36 months from the date of issuance (the “Maturity Date”) and 500 common share purchase warrants of the Company (each, a “Warrant”).
Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

GENAI CLOSES ACQUISITION OF AI COMPUTE BUSINESS AND REPRICING OF CONVERSION PRICE OF CONVERTIBLE DEBENTURES

Retrieved on:

Monday, June 19, 2023

VANCOUVER, BC, June 19, 2023 /PRNewswire/ - Generative AI Solutions Corp. ("GenAI" or the "Company") (CSE: AICO) (‎FSE: 99L.F) (OTC: AICOF) is pleased to announce that it today closed its previously announced acquisition of AI compute business, Pulse AI Compute Solutions Inc. ("Pulse AI").

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VANCOUVER, BC, June 19, 2023 /PRNewswire/ - Generative AI Solutions Corp. ("GenAI" or the "Company") (CSE: AICO) (‎FSE: 99L.F) (OTC: AICOF) is pleased to announce that it today closed its previously announced acquisition of AI compute business, Pulse AI Compute Solutions Inc. ("Pulse AI").
MAI Cloud acquired the Purchased Shares from Minework for an aggregate purchase price of $1,500,000 (the "Purchase Price").
The Purchase Price was paid to Minework at the closing of the Transaction (the "Closing") through the issuance of 1,630,435 common shares (the "Consideration Shares") in the authorized share structure of GenAI (the "GenAI Shares") at a deemed price per share of $0.92 per GenAI Share (the "GenAI Share Price"), being the closing price of the GenAI Shares on the Canadian Securities Exchange (the "CSE") on June 13, 2023.
Pursuant to the Amendment, the Convertible Debenture, which has a principal amount of US$500,000 and bears an interest rate of 5% per year, is now convertible to GenAI Shares at a price of $0.79 per GenAI Share.

Sibelco Acquires Shares of Avalon Advanced Materials Inc.

Retrieved on:

Thursday, June 15, 2023

Treasury, Wahaha Joint Venture Company, Debenture, Joint, OTCQB, AVL, Nymphaeaceae, International joint venture, Joint venture, Convertible, Capital, Convertible bond, TSX, Financial assistance (share purchase), Lithium, Security (finance)

TORONTO, June 15, 2023 /CNW/ - SCR-Sibelco NV ("Sibelco") announces that it has purchased 109,692,764 common shares ("Avalon Shares") in the capital of Avalon Advanced Materials Inc. ("Avalon") (TSX:AVL, OTCQB: AVLNF) from treasury at a price of approximately C$0.091164 per share for total consideration of C$10,000,000, and a C$3,000,000 principal amount secured convertible debenture (the "Convertible Debenture") of Avalon.

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TORONTO, June 15, 2023 /CNW/ - SCR-Sibelco NV ("Sibelco") announces that it has purchased 109,692,764 common shares ("Avalon Shares") in the capital of Avalon Advanced Materials Inc. ("Avalon") (TSX:AVL, OTCQB: AVLNF) from treasury at a price of approximately C$0.091164 per share for total consideration of C$10,000,000, and a C$3,000,000 principal amount secured convertible debenture (the "Convertible Debenture") of Avalon.
Upon completion of the transaction, Sibelco owns 109,692,764 Avalon Shares (the "Purchased Shares"), representing approximately 19.9% of the issued and outstanding Avalon Shares on a non-diluted basis.
These additional Avalon Shares, together with the Purchased Shares, would represent approximately 25.0% of the issued and outstanding Avalon Shares on a non-diluted basis (after giving effect to the conversion, and otherwise assuming no further issuances of Avalon Shares prior to such time).
Sibelco may from time to time acquire additional Avalon Shares or other securities of Avalon or dispose of some or all of the Avalon Shares or other securities of Avalon that it owns at such time.

ODD BURGER ANNOUNCES PRIVATE PLACEMENT OF UP TO CAD$1.5 MILLION OF CONVERTIBLE DEBENTURES

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Friday, June 2, 2023

Indian stock exchange, TSX Venture Exchange, FOR, Conversion, NOT, FSE, Offering, Convertible bond, Finance Secretary (India), Security (finance)

FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/

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FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/
LONDON, ON, June 2, 2023 /PRNewswire/ - Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) ("Odd Burger" or the "Company") is pleased to announce that it intends to complete a proposed non-brokered private placement (the ‎‎"Offering") ‎up to 1,500 unsecured convertible debentures (the "Convertible Debentures") at a ‎price ‎of $1,000.00 per Convertible Debenture, for aggregate gross proceeds of up to ‎‎‎$1,500,000.00.
The Convertible Debentures will accrue interest from the closing date at a rate of 10% per annum which shall be payable on the Maturity Date.
The Offering is non-brokered but the Company may pay a cash commission of 7% on funds brought in.
The approval of the Offering will be subject to acceptance by the TSX Venture Exchange.