Debenture

Cielo Announces Closing of First Tranche of Private Placement of Convertible Debenture Units

Retrieved on: 
Monday, March 11, 2024

CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.

Key Points: 
  • CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement").
  • The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.
  • “The closing of this first tranche of our Private Placement represents a great start to reaching the targeted proceeds,” said Ryan Jackson, Cielo’s CEO.
  • Pursuant to the closing Tranche 1, the Company issued 560 Convertible Debenture Units for gross proceeds of C $560,000, consisting of 560 Convertible Debentures and 1,400,000 Warrants.

Cielo Announces Private Placement of Convertible Debenture Units for up to $5.0 Million to Advance Renewable Fuel Projects, Confirms Final Credit Facility Draw and Magazine Feature

Retrieved on: 
Thursday, February 22, 2024

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce that it proposes to undertake a non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit for targeted gross proceeds of up to $5,000,000 (the "Private Placement").

Key Points: 
  • The Private Placement and a concurrent final draw from Cielo’s existing secured credit facility, as described below, represent an important shift in the Company’s financing strategy to utilize convertible instruments versus traditional forms of debt.
  • In addition, Cielo is also pleased to share that the Company has been featured in the Winter 2024 edition of Canadian Biomass Magazine , with further details provided below.
  • The Company intends to close the Private Placement in one or more tranches throughout February and early March.
  • Finder's fees of cash and/or non-transferrable warrants may be paid in connection with the Private Placement in accordance with applicable laws.

XTM Announces Completion of Oversubscribed Non-Brokered Secured Convertible Debenture Offering for US $11Million

Retrieved on: 
Saturday, February 24, 2024

The secured convertible debentures will bear interest at the rate of 12.0% per annum from the date of issuance, calculated and payable quarterly beginning on September 30, 2024.

Key Points: 
  • The secured convertible debentures will bear interest at the rate of 12.0% per annum from the date of issuance, calculated and payable quarterly beginning on September 30, 2024.
  • “We are poised and ready to take on the reported 75% of US workers who want same day pay,” said Marilyn Schaffer, XTM, CEO.
  • In connection with the Offering, XTM paid a further cash finder’s fee in the amount of US400,000 to a finder (the “Finder”).
  • The securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance.

Vencanna Announces Amended Definitive Agreement with The Cannavative Group, Completion of Name Change, Resumption of Trading and Operational Update

Retrieved on: 
Friday, February 23, 2024

Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.

Key Points: 
  • Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.
  • The exchangeable securities are exchangeable, at the option of the holder, on a one-for-one basis for equivalent securities of Vencanna.
  • On January 17, 2023, at an annual general and special meeting, the shareholders of Vencanna approved the name change.
  • The Company has engaged Independent Trading Group (ITG) Inc. to act as the broker through which the Bid will be conducted.

Imperial Plans to Issue up to $45 Million of Non-Convertible Debentures

Retrieved on: 
Tuesday, February 6, 2024

The Debentures have an early redemption premium of 2% payable on the principal amount outstanding if the Company chooses to redeem them prior to maturity.

Key Points: 
  • The Debentures have an early redemption premium of 2% payable on the principal amount outstanding if the Company chooses to redeem them prior to maturity.
  • In addition, on February 1, 2024, N. Murray Edwards agreed to purchase $10,000,000 in other debentures that also bear interest at a rate of 12.0% per annum and have a maturity of March 1, 2024.
  • These other debentures will be repaid with the proceeds of the Debentures.
  • N. Murray Edwards has agreed to purchase up to $35,000,000 of the Debentures, and directors and officers of the Company are expected to purchase an aggregate of up to $1,800,000 of the Debentures.

Regenx Revises Non-Brokered Financing for Gross Proceeds to $1.7 Million

Retrieved on: 
Wednesday, January 31, 2024

EDMONTON, Alberta, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces that it has revised the previously announced unsecured and non-brokered Convertible Debenture Financing (“Offering”) for gross proceeds of $1,700,401.73.

Key Points: 
  • EDMONTON, Alberta, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces that it has revised the previously announced unsecured and non-brokered Convertible Debenture Financing (“Offering”) for gross proceeds of $1,700,401.73.
  • The Debentures will bear interest at the rate of fifteen percent (15%) per annum, payable on the maturity date and will mature on December 31, 2025.
  • The Company intends to use the proceeds to support operations, repayment of debt, and general working capital.
  • The financing is subject to the receipt of final approval from the Canadian Securities Exchange.

WELL HEALTH TECHNOLOGIES CORP. EARLY WARNING NEWS RELEASE

Retrieved on: 
Friday, February 2, 2024

On February 1, 2024 (the "Closing Date"), the Company and WELL closed the Transaction (the "Closing").

Key Points: 
  • On February 1, 2024 (the "Closing Date"), the Company and WELL closed the Transaction (the "Closing").
  • The Call Option can only be exercised in pairs, such that WELL must concurrently acquire a Class A Share and a Class B Share.
  • Alternatively, some or all of the securities described herein may be disposed of in compliance with applicable securities regulatory requirements.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/well-health-technologies-corp-e...
    SOURCE WELL Health Technologies Corp.

Regenx Closes a Non-Brokered Financing for Gross Proceeds of $1.6 Million

Retrieved on: 
Monday, January 29, 2024

EDMONTON, Alberta, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces that it has closed the previously announced unsecured and non-brokered Convertible Debenture Financing (“Offering”) for gross proceeds of $1,600,401.73.

Key Points: 
  • EDMONTON, Alberta, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) announces that it has closed the previously announced unsecured and non-brokered Convertible Debenture Financing (“Offering”) for gross proceeds of $1,600,401.73.
  • The Debentures will bear interest at the rate of fifteen percent (15%) per annum, payable on the maturity date and will mature on December 31, 2025.
  • The Company intends to use the proceeds to support operations, repayment of debt, and general working capital.
  • The financing is subject to the receipt of final approval from the Canadian Securities Exchange.

XTM Inc. Receives Strategic Investment and Signs Licensing Agreement

Retrieved on: 
Friday, January 19, 2024

The Company also announced that it has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access (“EWA”) from a US entity (“the Customer”) to provide processing for a U.S. Banking as a Service provider.

Key Points: 
  • The Company also announced that it has signed a $3,000,000.00 USD licensing agreement for Earned Wage Access (“EWA”) from a US entity (“the Customer”) to provide processing for a U.S. Banking as a Service provider.
  • On closing, proceeds of the Debenture Financing combined with the Licensing Agreement the Company will meet the covenants required to access the EWA lending facility.
  • The operational funding also opens the way for the Company to fully roll-out its contracted EWA business to employees through its Distributor Agreements.
  • There can be no assurance as to whether or when the proposed Offering may be completed, or as to the actual size or specific terms of the Offering.

Luca Mining Strengthens Balance Sheet: Successfully Completes Debt Settlement and Finalizes Restructuring

Retrieved on: 
Friday, January 19, 2024

The Company is pleased to announce it has closed its debt settlement (the "Debt Settlement") with the Latapi Consultores, S.A. de C.V. ("Latapi").

Key Points: 
  • The Company is pleased to announce it has closed its debt settlement (the "Debt Settlement") with the Latapi Consultores, S.A. de C.V. ("Latapi").
  • The Shares were issued to a syndicate of creditors with Latapi acting as agent on behalf of the syndicate to negotiate the terms of the Debt Settlement.
  • The Debt Settlement is subject to the receipt of final approval from the TSXV.
  • The Company has completed its debt restructuring transaction with Trafigura Mexico, S.A. de C.V. ("Trafigura") and its affiliate Urion Holdings (Malta) Limited ("Urion").