Convertible bond

Bunker Hill Announces $50 Million Project Finance Package, Mine Purchase, and US EPA Settlement Agreement Amendment

Retrieved on: 
Monday, December 20, 2021
Bunker Hill Mine and Smelting Complex, SRSR, Mining, News, Convertible bond, Exercise, Review, GLOBE, Time, Justice, United States Department of Justice, LINK, CEO, Debenture, Acquisition, CSE, Settlement, Convertible, Documentation, Environmental quality, United States Environmental Protection Agency, Public expenditure, EPA, US EPA, CAD, Metal, Company, Zinc, PFS, CFO, Lead, Engineering, Bunker Hill, Achievement, Idaho Department of Environmental Quality, Silver, Security (finance), Recycling, Stream

TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce the achievement of its key short-term objectives, including the execution of a non-binding term sheet outlining a $50 million non-dilutive project finance package, the purchase of the Bunker Hill Mine, and the execution of a settlement agreement amendment with the US Environmental Protection Agency (“US EPA” or “EPA”). All figures in this news release are in US dollars unless otherwise stated.

Key Points: 
  • Together with the purchase of the mine and an amended settlement agreement with the EPA, a rapid restart of the prolific Bunker Hill Mine is now clearly within sight.
  • The package consists of an $8 million Royalty Convertible Debenture, a $5 million Convertible Debenture, and a multi-metals Stream of up to $37 million.
  • These proceeds will fund the purchase of the Bunker Hill Mine and near-term working capital requirements, including a $2 million payment to the EPAin January 2022 (see EPA Settlement Agreement Amendment section below).
  • The new payment schedule includes a $2 million payment to US EPA within 30 days of execution of this amendment.

Interim Results for the Period Ended September 30, 2021

Retrieved on: 
Tuesday, November 9, 2021
Depreciation, FLNG, Adjustment, Movement, Mount Gimie, Income, Brent Crude, Convertible bond, Johann Cesar VI. Godeffroy, TTF, LNG, Sale, GAAP, VIE, RCF, Share repurchase, Oil, Cryptocurrency, Bank, Security (finance)

The quarter began with quoted TFDE1 carrier headline spot rates at around $68,000 per day and ended with rates at around $71,000 per day.

Key Points: 
  • The quarter began with quoted TFDE1 carrier headline spot rates at around $68,000 per day and ended with rates at around $71,000 per day.
  • Full fleet TCE1 earnings increased from $43,700 in Q2 to $49,500 in Q3 2021.
  • The spot price for Brent oil increased from $75.13 per barrel on June 30, 2021 to $78.52 on September 30, 2021.
  • Netted against this was $1.9 million of dividend income from NFE following its dividend declaration on August 4, 2021.

Major Precious Metals Announces Investment of Up to $5.4 Million

Retrieved on: 
Friday, October 29, 2021
Face value, Xero (company), NEO Exchange, Supplement, CAD, Convertible bond, Agreement, Capital Group Companies, Transport, Palladium, Demobilization, Company, NEO, CEO, Investor, Gold, News, VWAP, Metal, COVID, GLOBE, ALS, Saindak Copper Gold Project, Security (finance), Mining

The funding will come in the form of up to CAD $6 million face-value ("Face Value") convertible debentures (the "Convertible Debentures") .

Key Points: 
  • The funding will come in the form of up to CAD $6 million face-value ("Face Value") convertible debentures (the "Convertible Debentures") .
  • The Company will receive net proceeds of up to CAD $5.4 million from the Convertible Debenture issuance, less applicable closing costs.
  • Tony Williams, Chairman and CEO of Major Precious Metals stated, "The net proceeds from this innovative financing with L1 Capital gives further support to our ongoing evaluation of the resource potential at the Skaergaard Palladium and Gold Project.
  • Under the terms of the Agreement, an initial CAD $3.15 million has been funded pursuant to the issuance of an initial Convertible Debenture with a Face Value of CAD $3.5 million (First Tranche).

Quarterhill Announces Completion of $57.5 Million Bought Deal Public Offering of Convertible Debentures

Retrieved on: 
Wednesday, October 27, 2021
ITS, Regulation, Industry, Disease, Debenture, Convertible bond, Perception, CIBC, Intelligent transportation system, TSX, Exercise, Review, Forward-looking statement, Company, COVID-19, Growth, Intellectual property, News, AIF, Risk, Sale, Securities Act of 1933, Coronavirus, Security (finance)

The Debentures are expected to be listed on the TSX under the symbol "QTRH.DB" on October 27, 2021.

Key Points: 
  • The Debentures are expected to be listed on the TSX under the symbol "QTRH.DB" on October 27, 2021.
  • Quarterhill is a growth-oriented company in the Intelligent Transportation System (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing.
  • Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.
  • In particular, this press release includes forward-looking statements pertaining to Quarterhill's intended use of proceeds of the Offering.

Quarterhill Inc. Announces $50 Million Bought Deal Public Offering of Convertible Debentures

Retrieved on: 
Wednesday, October 20, 2021
ITS, Regulation, Industry, Convertible bond, Toronto Stock Exchange, Indian stock exchange, Intelligent transportation system, TSX, Convertible, Company, Debenture, Growth, Intellectual property, GLOBE, Finance Secretary (India), Sale, Securities Act of 1933, Security (finance)

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) is pleased to announce that it has entered into a $50 million bought-deal financing (the "Convertible Debenture Financing") of convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by Raymond James Ltd. The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances. The Company has granted the Underwriters an over-allotment option to purchase up to an additional $7.5 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Convertible Debenture Financing. The Debentures will mature on October 30, 2026 (the “Maturity Date”).

Key Points: 
  • The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances.
  • The Debentures will mature on October 30, 2026 (the Maturity Date).
  • Except in certain circumstances involving a Change of Control, the Debentures will not be redeemable at the option of the Company before October 31, 2024.
  • Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

Pallinghurst Increases its Interest in Nouveau Monde to 21% – Showing Further Commitment to the Company

Retrieved on: 
Monday, October 18, 2021
Mining, Minerals, Automotive Manufacturing, Environment, Manufacturing, Alternative Energy, Natural Resources, Energy, Ownership, Nouveau, Convertible bond, Industry, Théâtre du Nouveau Monde, New, Intention, Regulation, Mining, NYSE, Policy, Exercise, News, SEDAR, TSX Venture Exchange, Convertible, Stock exchange, Risk factor, Company, Forward-looking statement, NOU, ESG, CEO, NMG, COVID-19, Security (finance), Lithium, Cryptocurrency, Risk management

5,625,000 common shares were subsequently issued to Pallinghurst in respect of conversion of the second tranche.

Key Points: 
  • 5,625,000 common shares were subsequently issued to Pallinghurst in respect of conversion of the second tranche.
  • Following the issuance of the Interest Shares, all amounts payable pursuant to the Convertible Bond will have been settled in full.
  • No director of the Company has expressed a contrary opinion or disagreement in connection with the foregoing.
  • Nouveau Monde is striving to become a key contributor to the sustainable energy revolution.

DGAP-News: PREOS Global Office Real Estate & Technology AG: 7.5 % convertible bond 2019/2024 - Publication of an adaptation of the conversion price

Retrieved on: 
Wednesday, October 6, 2021
ISIN, Technology, EUR, Frankfurt, TO, Condition, Aktiengesellschaft, COUNTRY, NOT, News, Convertible bond, DGAP, Association, Article, Convertible, THE, Company, Knowledge, Growth, LAWS, Calculation, AMERICA, Real estate, Security (finance)

PREOS Global Office Real Estate & Technology AG: 7.5 % convertible bond 2019/2024 - Publication of an adaptation of the conversion price

Key Points: 
  • PREOS Global Office Real Estate & Technology AG: 7.5 % convertible bond 2019/2024 - Publication of an adaptation of the conversion price
    The issuer is solely responsible for the content of this announcement.
  • On 25 August 2021, the Extraordinary Shareholders' Meeting of PREOS approved a capital increase from company funds (Articles 207 et seq.
  • German Stock Corporation Act(AktG)) (by way of an issue of so-called bonus shares) and the corresponding amendment to the Articles of Association of PREOS.
  • Accordingly, the conversion price has been adjusted from EUR 6,60 to EUR 6,2526 in accordance with Article 10(a)(i) of the Bond Terms and Conditions.

IOU Financial Announces the Repurchase of Approximately $0.4 Million of Convertible Debentures

Retrieved on: 
Friday, September 3, 2021
Finance, Money, Economy, Debt, Corporate finance, Credit, Stock market, Debenture, Financial capital, Repurchase agreement, IOU, Convertible bond

IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021.

Key Points: 
  • IOU intends to repurchase an additional $2 million of convertible debentures, increasing the total announced and intended repurchases up to $4.3 million in 2021.
  • MONTREAL, Sept. 3, 2021 /PRNewswire/ -IOU FINANCIAL INC. ("IOU" or "the Company") (TSXV: IOU), a leading online lender to small businesses ( IOUFinancial.com ), announced today that, pursuant to its intention to repurchase up to $0.5 million of its convertible debentures announced on June 16, 2021, it is repurchasing approximately $0.4 million of its convertible debentures in the capital of the Company (the "Debentures") at a discount per $1,000 of aggregate principal amount per Debenture.
  • Today's move to repurchase $0.4 million of its convertible debentures and intention to repurchase an additional $2 million come after the Company announced the repurchase of approximately $1.9 million in convertible debentures on June 16, 2021 .
  • With respect to the intended repurchase of an additional $2 million in convertible debentures announced today, IOU will seek to repurchase such Debentures pursuant to repurchase agreements to be entered into with individual holders of Debentures and to close the Repurchases by no later than October 31, 2021.

Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$5 Million Convertible Debenture Interest Payment Obligation

Retrieved on: 
Thursday, September 2, 2021
Tetra, Copper, Senior, Trust Indenture Act of 1939, News, Indentured servitude, PEA, Techno-economic assessment, LA, Debenture, FGS, Tetra Tech, NPV, Convertible bond, TSX, QP, Investment, Company, TSX Venture Exchange, Computershare, National instrument, Indian stock exchange, SEDAR, QRC, CEO, Person, Mining, Water, IRR, Convertible, Extractive metallurgy, NI, Security (finance), Nightclub

About Queen's Road Capital Investment Ltd.

Key Points: 
  • About Queen's Road Capital Investment Ltd.
    Queen's Road Capital Investment Ltd. is a leading financier to the global resource sector.
  • The company is a resource focused investment company, making investments in privately held and publicly traded resource companies.
  • About Los Andes Copper Ltd.
    Los Andes Copper Ltd. is a development company with a 100% interest in the Vizcachitas Project in Chile.
  • The Company is focused on progressing the Vizcachitas Project, which is located along Chile's most prolific copper belt, into production.

Xeris Pharmaceuticals Provides Announcement Under the Irish Takeover Rules for Relevant Securities in Issue

Retrieved on: 
Thursday, July 29, 2021
Health, Pharmaceutical, Financial markets, Corporate finance, Financial economics, Finance, Stock market, Equity securities, Mergers and acquisitions, Siricidae, Convertible security, Convertible bond, Xeris, Stock

Upon exercise, each Xeris Stock Option entitles the holder to purchase one share of common stock at the applicable exercise price.

Key Points: 
  • Upon exercise, each Xeris Stock Option entitles the holder to purchase one share of common stock at the applicable exercise price.
  • Upon conversion of the Xeris Convertible Notes, up to 15,416,667 shares of Xeris common stock may be issued.
  • A disclosure table, giving details of the companies in whose relevant securities dealings should be disclosed, can be found on the Irish Takeover Panels website at www.irishtakeoverpanel.ie .
  • Terms in single quotation marks are defined in the Irish Takeover Rules, which can also be found on the Irish Takeover Panels website.