Debenture

Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Monday, May 17, 2021 - 9:15pm

b'Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and a regular additional distribution to the holders as of May 1, 2021 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (\xe2\x80\x9cLI LLC\xe2\x80\x9d).

Key Points: 
  • b'Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and a regular additional distribution to the holders as of May 1, 2021 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (\xe2\x80\x9cLI LLC\xe2\x80\x9d).
  • The amount of the interest payment is $20.00 per $1,000 original principal amount of Debentures (a \xe2\x80\x9cDebenture\xe2\x80\x9d), and the amount of the additional distribution is $0.3930 per Debenture.\nUnder the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures.
  • Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 4.0% of the adjusted principal amount.
  • This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.\nTo date, there has been one Extraordinary Additional Distribution to holders of the Debentures.

ProMIS Neurosciences Announces First Quarter 2021 Results

Friday, May 14, 2021 - 12:00pm

ProMIS Neurosciences has a unique antibody design capability, which not even the largest pharmaceutical companies have to the best of our knowledge based on ongoing discussions with them.

Key Points: 
  • ProMIS Neurosciences has a unique antibody design capability, which not even the largest pharmaceutical companies have to the best of our knowledge based on ongoing discussions with them.
  • In the Alzheimer\xe2\x80\x99s field, positive results or regulatory steps were announced by Lilly, Cassava, and Biogen, all of which support the science suggesting PMN310 may be \xe2\x80\x9cbest in class\xe2\x80\x9d.\nIn January 2021, we announced an outline of our strategic priorities and action plan for 2021.
  • Both these events have positive implications for PMN310.\nIn March 2021, we completed a US$7.0 million (CDN$8.75 million) private placement of unsecured convertible debentures (Debentures).
  • Dr. Grundman is Professor of Neurosciences at the University of California San Diego (UCSD).

Quipt Home Medical Commences Trading on Consolidated Basis

Thursday, May 13, 2021 - 8:49pm

A letter of transmittal was sent by mail to registered shareholders advising that the Share Consolidation has taken effect.

Key Points: 
  • A letter of transmittal was sent by mail to registered shareholders advising that the Share Consolidation has taken effect.
  • Quipt plans to change its OTCQX ticker symbol to \xe2\x80\x9cQIPT\xe2\x80\x9d upon a Nasdaq up listing.\nThe Company also wishes to note the amended conversion price of its 8.0% unsecured convertible debentures due on March 7, 2024.
  • The amended conversion price is $5.20 per share reflecting the Share Consolidation and will continue trading on the TSXV under the new symbol \xe2\x80\x9cQIPT.DB.A\xe2\x80\x9d.\nABOUT QUIPT HOME MEDICAL CORP.\nThe Company provides in-home monitoring and disease management services including end-to-end respiratory solutions for patients in the United States healthcare market.
  • Moreover, the Company does not assume \xe2\x80\x8e\xe2\x80\x8e\xe2\x80\x8eresponsibility for the accuracy or \xe2\x80\x8e\xe2\x80\x8ecompleteness of such forward-looking information.

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'

Ascendant Resources Announces C$3.9 Million Debenture Funding to Deliver Enhanced Metallurgical Testwork and a New PEA at Its Lagoa Salgada Project in Portugal

Tuesday, May 11, 2021 - 11:30am

The metallurgical test work is expected to be completed to a Pre-Feasibility Report level of study given the nature of the ores typically seen in the region.

Key Points: 
  • The metallurgical test work is expected to be completed to a Pre-Feasibility Report level of study given the nature of the ores typically seen in the region.
  • The new results are expected to show a material increase in the economic potential offered at Lagoa Salgada.
  • Delivery of the new PEA is scheduled to be completed by mid August.\nMark Brennan, Ascendant\'s Executive Chairman, commented, "We are pleased to have secured this funding on attractive terms.
  • Each Unit consists of $1,000 principal amount of 10% secured debentures ("Debentures") and 3,333 common share purchase warrants ("Debenture Warrants").

North American Construction Group Ltd. Announces C$65 Million Bought Deal Offering of 5.50% Convertible Unsecured Subordinated Debentures

Monday, May 10, 2021 - 8:31pm

The Debentures will be convertible at any time at the option of the holders into common shares of the Company (\xe2\x80\x9cCommon Shares\xe2\x80\x9d) at a conversion price (the \xe2\x80\x9cConversion Price\xe2\x80\x9d) of $24.75\xc2\xa0per share.

Key Points: 
  • The Debentures will be convertible at any time at the option of the holders into common shares of the Company (\xe2\x80\x9cCommon Shares\xe2\x80\x9d) at a conversion price (the \xe2\x80\x9cConversion Price\xe2\x80\x9d) of $24.75\xc2\xa0per share.
  • The Debentures will mature on June 30, 2028 (the \xe2\x80\x9cMaturity\xe2\x80\x9d).\nThe Debentures will not be redeemable at the option of the Company before June 30, 2024.
  • For more than 65 years, NACG has provided services to large resource-based companies.\nNorth American Construction Group Ltd.\nThe information provided in this release contains forward-looking information and forward-looking statements (together, \xe2\x80\x9cforward-looking statements\xe2\x80\x9d).
  • For more complete information about NACG, you should read the Company\xe2\x80\x99s disclosure documents filed with the SEC and the CSA.

Resverlogix Announces US$6 Million Debenture Financing

Wednesday, May 5, 2021 - 3:01pm

The Company has agreed to grant Hepalink a security interest in all of its assets, including its patents and other intellectual property, as security for its obligations under the Debentures.

Key Points: 
  • The Company has agreed to grant Hepalink a security interest in all of its assets, including its patents and other intellectual property, as security for its obligations under the Debentures.
  • In addition, Hepalink will receive an aggregate of 300,000 common share purchase warrants exercisable for a period of four years from the first closing date of the Debenture Financing at a price of CAD$0.93 per share (the \xe2\x80\x9cWarrants\xe2\x80\x9d).\nThe completion of the Debenture Financing is subject to satisfaction of customary conditions for a transaction of this nature, including the approval of the Toronto Stock Exchange.
  • The Company plans to complete the Debenture Financing by issuing the Debentures and Warrants to Hepalink in two equal tranches, with the first tranche scheduled to be completed upon satisfaction of all closing conditions in the next three days and the second tranche to be completed by May 31, 2021.\nThe Company has a total of 238,766,021 common shares issued and outstanding.
  • Apabetalone is a BET inhibitor selective for the second bromodomain (BD2) within the BET proteins.

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.

Britannia Enters into Definitive Agreement with Rise Life Science to "Go Public" via Reverse Takeover of Rise Life Science

Monday, May 3, 2021 - 1:47pm

b'Toronto, Ontario--(Newsfile Corp. - May 3, 2021) - Britannia Bud Canada Holdings Inc. (d/b/a Britannia Life Sciences) ("Britannia") and RISE Life Science Corp. (CSE: RLSC) ("RISE") are pleased to announce that Britannia, RISE and 2830026 Ontario Inc. ("RISE Subco"), a wholly-owned subsidiary of RISE, have entered into a business combination agreement dated April 30, 2021 (the "Definitive Agreement") in respect of their previously-announced transaction.

Key Points: 
  • b'Toronto, Ontario--(Newsfile Corp. - May 3, 2021) - Britannia Bud Canada Holdings Inc. (d/b/a Britannia Life Sciences) ("Britannia") and RISE Life Science Corp. (CSE: RLSC) ("RISE") are pleased to announce that Britannia, RISE and 2830026 Ontario Inc. ("RISE Subco"), a wholly-owned subsidiary of RISE, have entered into a business combination agreement dated April 30, 2021 (the "Definitive Agreement") in respect of their previously-announced transaction.
  • "\nThe Definitive Agreement was executed among Britannia, RISE and the RISE Subco, a wholly-owned subsidiary of RISE incorporated under the Business Corporations Act (Ontario) (the "OBCA").
  • Each Britannia Convertible Debenture Unit was comprised of US$1,000 principal amount of 10% 2-year convertible senior unsecured debentures ("Britannia Debentures") of Britannia and 645 share purchase warrants of Britannia ("Britannia Warrants").
  • According to their terms, the Britannia Debentures will automatically convert into Britannia Shares at the Britannia Debenture Conversion Price immediately prior to the RTO.\nThe Definitive Agreement was negotiated at arm\'s length between representatives of Britannia and RISE.

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.