Convertible bond

Explor Announces Extension of Maturity Date of Convertible Debentures and Underlying Warrants

Retrieved on: 
Tuesday, October 22, 2019

The Convertible Debentures are convertible into common shares of the Corporation at a conversion price of $0.05 per common share.

Key Points: 
  • The Convertible Debentures are convertible into common shares of the Corporation at a conversion price of $0.05 per common share.
  • The Corporation has extended the maturity date of the Convertible Debentures for one year until November 28, 2020.
  • The Corporation has also extended the expiry date of the 13,000,000 warrants that were issued in connection with the Convertible Debentures for one additional year.
  • The amendments to the terms of the Convertible Debentures and to the warrants are subject to the approval of the TSX Venture Exchange.

Namaste's CannMart Enters into Loan Agreement with Choklat Inc.

Retrieved on: 
Saturday, October 19, 2019

TORONTO, Oct. 18,2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform for cannabis products, accessories, and responsible education,today announced that it has entered into a secured convertible loan agreement (the "Loan Agreement") with Choklat Inc. ("Choklat"), a private chocolate manufacturer in Alberta to advance $300,000 to Choklat.

Key Points: 
  • TORONTO, Oct. 18,2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading online platform for cannabis products, accessories, and responsible education,today announced that it has entered into a secured convertible loan agreement (the "Loan Agreement") with Choklat Inc. ("Choklat"), a private chocolate manufacturer in Alberta to advance $300,000 to Choklat.
  • In the event that Choklat fails to repay any principal or interest outstanding under the Loan Agreement on or prior to the Maturity Date, all such outstanding amounts will automatically convert into common shares in the capital of Choklat (each, a "Choklat Share") at a deemed value of $0.152 per Choklat Share.
  • In connection with the Loan Agreement, Namaste and Choklat entered into a general security agreement, pursuant to which Choklat granted to Namaste a security interest in all present and after acquired property of Choklat for a period of five years.
  • Choklat is a premium chocolate manufacturer with existing sales through its online eCommerce site and through a network of distributors across Canada.

Sun Pacific Holding Corp. Announces Final Conversion of Common Stock in Settlement of its Convertible Debt with EMA Financial, LLC

Retrieved on: 
Thursday, October 17, 2019

MANALAPAN, N.J, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) reports that on October 15, 2019, EMA Financial, LLC (EMA) presented its last conversion notice for common shares in the company that extinguished the remaining outstanding balance on its convertible debt agreement.

Key Points: 
  • MANALAPAN, N.J, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) reports that on October 15, 2019, EMA Financial, LLC (EMA) presented its last conversion notice for common shares in the company that extinguished the remaining outstanding balance on its convertible debt agreement.
  • Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, We are pleased that we have received the last notice of conversion in satisfaction of our EMA convertible debt.
  • We believe this action should relieve excessive selling pressure on the trading of SNPW shares in the market.
  • This final conversion of common stock, coupled with the recent settlement of our convertible debt with Auctus Fund, LLC, substantially concludes the convertible debt arrangements that we had entered into with EMA and Auctus in 2018.

Nuance Announces Adjustments to the Conversion Rate of its Convertible Debentures

Retrieved on: 
Wednesday, October 16, 2019

In the Spin-off, holders of Nuance common stock as of the Record Date received one share of Cerence common stock for every eight shares of Nuance common stock held as of the Record Date.

Key Points: 
  • In the Spin-off, holders of Nuance common stock as of the Record Date received one share of Cerence common stock for every eight shares of Nuance common stock held as of the Record Date.
  • The adjusted conversion rates for the 1.00% Convertible Debentures and the 1.25% Convertible Notes is effective immediately after the end of October 15, 2019.
  • The adjusted conversion rates for the 1.50% Convertible Debentures and the 2.75% Convertible Debentures is effective retroactively on October 2, 2019.
  • Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries.

BioLargo Breaks New Revenue Records and Pays Off Variable Priced Debt

Retrieved on: 
Wednesday, October 9, 2019

These results represent an increase of 88% over the third quarter of 2018, and an increase of 23% over last quarter.

Key Points: 
  • These results represent an increase of 88% over the third quarter of 2018, and an increase of 23% over last quarter.
  • Odor-No-More has shown a steady revenue increase since 2017, as seen in the graph.
  • Joseph Provenzano, President of Odor-No-More, Inc., commented, We are now seeing the fruits of our investments in infrastructure and staffing.
  • The company also paid $302,928 in other debt instruments, and another $210,000 in convertible debt will automatically convert to stock in the coming weeks, bringing the total debt reduction to approximately $1,250,000.

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

Retrieved on: 
Tuesday, October 8, 2019

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Key Points: 
  • Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
    Other (please specify): Total number of voting rights of issuer changed as a result of completion of tender offer.
  • 5.
  • Date on which the threshold was crossed or reached:
    % of voting rights attached to shares (total of 8.
  • A)

iClick Interactive Asia Group Limited Partial Buyback of Convertible Notes

Retrieved on: 
Friday, October 4, 2019

HONG KONG, Oct. 04, 2019 (GLOBE NEWSWIRE) -- iClick Interactive Asia Group Limited (iClick or the Company) (NASDAQ: ICLK), today announced that it has entered into a purchase agreement with a fund managed by LIM Advisors Limited (LIM), the holder of its mandatory convertible notes due September 12, 2023 (the Notes), to buy back US$20 million in aggregate principal amount of the Notes at the purchase price and payment schedule set forth in the purchase agreement.

Key Points: 
  • HONG KONG, Oct. 04, 2019 (GLOBE NEWSWIRE) -- iClick Interactive Asia Group Limited (iClick or the Company) (NASDAQ: ICLK), today announced that it has entered into a purchase agreement with a fund managed by LIM Advisors Limited (LIM), the holder of its mandatory convertible notes due September 12, 2023 (the Notes), to buy back US$20 million in aggregate principal amount of the Notes at the purchase price and payment schedule set forth in the purchase agreement.
  • Our buyback of these Notes represents our confidence in the current and future direction in which iClick is headed, said Sammy Hsieh, co-founder and CEO of iClick.
  • iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China.
  • Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.

Northern Vertex to consolidate and extend Greenstone convertible debentures in order to deploy cashflow to mine optimization and exploration opportunities

Retrieved on: 
Thursday, October 3, 2019

: NHVCF)(the "Company" or "Northern Vertex") is pleased to announce the Company has signed a term sheet with Greenstone ResourcesII L.P. ("Greenstone") to consolidate and extend the outstanding Greenstone convertible debt to December 1, 2020.

Key Points: 
  • : NHVCF)(the "Company" or "Northern Vertex") is pleased to announce the Company has signed a term sheet with Greenstone ResourcesII L.P. ("Greenstone") to consolidate and extend the outstanding Greenstone convertible debt to December 1, 2020.
  • The Company has repaid Greenstone US$500,000 and will consolidate a further US$8.5 million of convertible debt under a replacement convertible debenture.
  • To date, 11 drill holes have been completed from an expected 29 holes program totaling approximately 4,300 meters.
  • The objective is to convert power supply from the eight primary generators and six smaller portable generators to grid power.

Genius Brands International Chairman and CEO Andy Heyward Purchases 1,000,000 Common Shares at $0.76 Per Share in a Private Placement

Retrieved on: 
Thursday, October 3, 2019

BEVERLY HILLS, Calif., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. (Genius Brands or the Company) (Nasdaq: GNUS), a global brand management company that creates and licenses multimedia entertainment content for children, today announced that it completed a $760,000 private placement through the issuance of 1 million common shares at a price per share of $0.76 to Andy Heyward, Chairman and CEO of Genius Brands.

Key Points: 
  • BEVERLY HILLS, Calif., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Genius Brands International, Inc. (Genius Brands or the Company) (Nasdaq: GNUS), a global brand management company that creates and licenses multimedia entertainment content for children, today announced that it completed a $760,000 private placement through the issuance of 1 million common shares at a price per share of $0.76 to Andy Heyward, Chairman and CEO of Genius Brands.
  • Mr. Heyward also purchased $500,000 of the Companys August 2018 10% Secured Convertible Notes (Notes) from a Noteholder.
  • We are transitioning to the next phase of our growth, which includes product launch at retail around these properties.
  • With these latest financing transactions, we have significantly enhanced our balance sheet and built a solid foundation for growth.

TerrAscend Announces Closing of First Tranche of Proposed US$25 Million Non-Brokered Private Placement of Unsecured Convertible Debentures and Warrants

Retrieved on: 
Wednesday, October 2, 2019

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

Key Points: 
  • /NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
    --- Initial tranche includes US$10 million subscription from Canopy Rivers.
  • Each unit in the Enterprise Offering is comprised of one unsecured convertible debenture of TerrAscend and 25.2 common share purchase warrants of TerrAscend.
  • Each unit in the Canadian Offering is comprised of one unsecured convertible debenture of TerrAscend Canada Inc. and 25.2 common share purchase warrants of TerrAscend.
  • The first tranche of the Canadian Offering, a US$10 million lead order from Canopy Rivers Inc. ("Canopy Rivers") (TSX: RIV, OTC: CNPOF), has been completed.