Debenture

Avicanna Announces Closing of Non-Brokered Private Placement of Debenture Units

Retrieved on: 
Thursday, August 3, 2023
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TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), an innovative, commercial stage, and international biopharmaceutical company focused on the development advancement, and commercialization of evidence-based, cannabinoid-based products, is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 1,455,000 debenture units of the Company (the “Units”) at a price of $1 per Unit, for aggregate gross proceeds of approximately $1,455,000. Each Unit consists of an aggregate of $1 principal amount of secured subordinated debentures (the “Debentures”) and 1 common share purchase warrant (each, a “Warrant”).

Key Points: 
  • Each Unit consists of an aggregate of $1 principal amount of secured subordinated debentures (the “Debentures”) and 1 common share purchase warrant (each, a “Warrant”).
  • The Debentures will mature one year following the closing of the Offering (the “Maturity Date”) and are not convertible into equity securities of the Company.
  • The Debentures will bear interest at a rate of 18% per annum until the Maturity Date.
  • The Company has also entered into amending agreements with certain holders of Senior Debentures bearing an outstanding principal amount of $562,000 (the “Amending Agreements”).

Flow Capital Announces Non-Convertible Debenture Transaction

Retrieved on: 
Wednesday, August 2, 2023
Minority, MI, FW, Loan, Investment, Transaction, Creditor, Multilateral, IRR, Security (finance), Bank, Debenture

TORONTO, ON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that it has entered into a loan transaction with certain third party lenders pursuant to which the lenders will advance the aggregate amount of C$17.9 million to the Company (the "Loans").

Key Points: 
  • TORONTO, ON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that it has entered into a loan transaction with certain third party lenders pursuant to which the lenders will advance the aggregate amount of C$17.9 million to the Company (the "Loans").
  • The Loans will be evidenced by unsecured, non-convertible debentures (the "Debentures") issued by the Company to the Lenders pursuant to the terms of a debenture indenture entered into between the Company and Olympia Trust Company, as debenture trustee.
  • No portion of the principal or interest outstanding under the Debentures may be repaid in securities of the Company.
  • Further details will be included in a material change report that will be filed by the Company in connection with the completion of the Transaction.

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

Retrieved on: 
Tuesday, August 1, 2023
General Health, Health, Pharmaceutical, Health Technology, Telemedicine, Virtual Medicine, Inc., Indian stock exchange, TSX Venture Exchange, MI, Debenture, Special-purpose acquisition company, Acquisition, Investment, Offering, Convertible bond, Finance Secretary (India), Entrepreneurship, News, Convertible, Security (finance)

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”).

Key Points: 
  • 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.

NextEra Energy Capital Holdings announces dates for remarketing of its Series L Debentures due Sept. 1, 2025

Retrieved on: 
Friday, July 28, 2023
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JUNO BEACH, Fla., July 28, 2023 /PRNewswire/ -- NextEra Energy Capital Holdings, Inc. today announced that it will conduct a remarketing of its Series L Debentures due Sept. 1, 2025 (the "Debentures") (CUSIP No.

Key Points: 
  • JUNO BEACH, Fla., July 28, 2023 /PRNewswire/ -- NextEra Energy Capital Holdings, Inc. today announced that it will conduct a remarketing of its Series L Debentures due Sept. 1, 2025 (the "Debentures") (CUSIP No.
  • The Debentures were originally issued as part of NextEra Energy, Inc.'s Corporate Units (CUSIP No.
  • The Debentures are guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc. (NYSE: NEE).
  • The Remarketing Fee will not exceed 0.25% of the sum of the Remarketing Treasury Portfolio Purchase Price plus the Separate Debentures Purchase Price.

IMPERIAL BRANDS PLC EXTENDS $123 MILLION CONVERTIBLE DEBENTURE AND AUXLY IMPLEMENTS BOARD AND MANAGEMENT CHANGES

Retrieved on: 
Wednesday, July 26, 2023
Minority, Imperial Brands, Companies (1st Amendment) Act, 2015, University, MI, CPA Canada, Senior, Nomura, Debenture, Bachelor of Business Administration, MBA, Sale, Accounting, Natural Resources, Business administration, Nomura Securities, KPMG LLP, Indian stock exchange, Simon Fraser University, Warrant, CFO, TSX, KPMG, Multilateral, Amendment, Security (finance), Management, Finance

Pursuant to the Amendment, Imperial Brands and Auxly have agreed to extend the maturity date of the Debenture by 24 months from September 25, 2024 to September 25, 2026.

Key Points: 
  • Pursuant to the Amendment, Imperial Brands and Auxly have agreed to extend the maturity date of the Debenture by 24 months from September 25, 2024 to September 25, 2026.
  • Auxly remains Imperial Brands' exclusive global partner for any future development, manufacture, commercialization, sale and distribution of cannabis products.
  • As Imperial Brands no longer holds the required percentage under the Investor Rights Agreement, its nominee, Murray McGowan, has resigned from Auxly's Board effective immediately.
  • Auxly announces the resignation of Mr. Brian Schmitt from his position as Chief Financial Officer ("CFO") of Auxly, effective July 26, 2023.

Sun Life announces intention to redeem Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating Debentures

Retrieved on: 
Friday, July 21, 2023
Exercise, NYSE, TSX, Sun Life Financial, Debenture, SLF, Security (finance)

TORONTO, July 21, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced its intention to redeem all of the outstanding $1 billion principal amount of Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating Debentures (the "Debentures") in accordance with the redemption terms attached to the Debentures.

Key Points: 
  • TORONTO, July 21, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced its intention to redeem all of the outstanding $1 billion principal amount of Series 2016-2 Subordinated Unsecured 3.05% Fixed/Floating Debentures (the "Debentures") in accordance with the redemption terms attached to the Debentures.
  • Sun Life intends to redeem the Debentures on September 19, 2023 (the "Redemption Date").
  • Notice will be delivered to the holders of the Debentures in accordance with the terms outlined in the trust indenture governing the Debentures.
  • After the Debentures are redeemed, interest will cease to accrue from and after the Redemption Date and holders of Debentures will not be entitled to exercise any rights as holders other than to receive the redemption price.

Pedro Resources Ltd. Signs Collaboration Agreement with Biotechnology Company That Provides Contamination Remediation Services

Retrieved on: 
Wednesday, July 19, 2023
Director of Operations, CSE, Legislation, University, PFAS, Procurement, Remediation of contaminated sites with cement, Agriculture, Biotechnology, Virtual College of Biotechnology, University of Saskatchewan, Timothy, Team leader, Research, Sale, USS Lamar (PCE-899), Regulation, Project Management Institute, The Co Founder, Publication, Acquisition, Project management, PERCS, Offering, Mining, Finance Secretary (India), Elmira College, Growth, Entrepreneurship, Ecosystem, VBN, Tetrachloroethylene, Environment, Debenture, FEI, Hydrocarbon, PMI, Security (finance), Pharmaceutical industry, Biochemistry, Biology

Toronto, Ontario--(Newsfile Corp. - July 19, 2023) - Pedro Resources Ltd. (CSE: VBN) ("Pedro" or the "Company") announces that it has executed a Collaboration Agreement dated July 13, 2023 (the "CA") with Fixed Earth Innovations Ltd. ("FEI").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - July 19, 2023) - Pedro Resources Ltd. (CSE: VBN) ("Pedro" or the "Company") announces that it has executed a Collaboration Agreement dated July 13, 2023 (the "CA") with Fixed Earth Innovations Ltd. ("FEI").
  • Under the CA, Pedro and FEI agree to collaborate in respect of the development and use of biotechnology for contaminant remediation in resource extraction projects, including mining.
  • (1)
    The CA provides for the licensing of certain intellectual properties, projects, and products to Pedro and, in return, Pedro will make a $200,000 cash payment to FEI, payable over six months.
  • As a small company we have limited resources to pursue expansion and continue the ongoing research and development of our biotechnology.

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

Retrieved on: 
Monday, July 17, 2023
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Combined financing transactions representing aggregate gross proceeds of approximately US$142 million provides flexibility to execute growth plans;

Key Points: 
  • 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.

TerrAscend (TSX: TSND) Commences Trading on the TSX

Retrieved on: 
Tuesday, July 4, 2023
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TORONTO, July 04, 2023 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TRSSF), a leading North American cannabis company, today announced the commencement of trading of its common shares (the “Common Shares”) on the Toronto Stock Exchange (the “TSX”) under the new ticker symbol “TSND”.

Key Points: 
  • TORONTO, July 04, 2023 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TRSSF), a leading North American cannabis company, today announced the commencement of trading of its common shares (the “Common Shares”) on the Toronto Stock Exchange (the “TSX”) under the new ticker symbol “TSND”.
  • We believe our TSX listing will provide the Company greater access to a broader group of institutional and retail investors looking for attractive opportunities in the cannabis space.
  • We would like to thank the TSX for their courageous leadership and we are honored to be listed on their exchange.
  • Cassels Brock & Blackwell LLP acted as TerrAscend’s strategic and legal advisor in connection with the listing on the TSX.

Regenx Completes First Tranche of Debenture Offering

Retrieved on: 
Friday, June 30, 2023
Indian stock exchange, CSE, Catalysis, Canadian Securities Exchange, Person, FSE, Sale, Corporation, RGX, News, Debenture, YRS, Security (finance)

EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) has closed the first tranche of its previously announced financing for gross proceeds of $2,113,830.

Key Points: 
  • EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) has closed the first tranche of its previously announced financing for gross proceeds of $2,113,830.
  • The closing of the first tranche of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.
  • The offering is a non-brokered private placement of unsecured convertible debentures (“Debentures”).
  • The Company intends to use the proceeds from the offering to further the Catalytic Converter Module One and general working capital purposes.