Debenture | Jotup

Imperial Agrees to Issue up to $35 Million of Non-Convertible Debentures

Retrieved on:

Saturday, June 17, 2023

The Lady in Red (Chris de Burgh song), Private placement, Minority, Multilateral, MI, Debenture, Private, Person, Sale, Security (finance)

The proceeds from the Private Placement are intended to be used to fund the operation and development at the Red Chris mine and for general working capital purposes.

Key Points:

The proceeds from the Private Placement are intended to be used to fund the operation and development at the Red Chris mine and for general working capital purposes.
N. Murray Edwards has agreed to purchase up to $21,000,000 of the Debentures.
In addition, directors and officers of the Company have agreed to purchase up to $1,200,000 of the Debentures.
Such participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”) Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

Sibelco Acquires Shares of Avalon Advanced Materials Inc.

Retrieved on:

Thursday, June 15, 2023

Treasury, Wahaha Joint Venture Company, Debenture, Joint, OTCQB, AVL, Nymphaeaceae, International joint venture, Joint venture, Convertible, Capital, Convertible bond, TSX, Financial assistance (share purchase), Lithium, Security (finance)

TORONTO, June 15, 2023 /CNW/ - SCR-Sibelco NV ("Sibelco") announces that it has purchased 109,692,764 common shares ("Avalon Shares") in the capital of Avalon Advanced Materials Inc. ("Avalon") (TSX:AVL, OTCQB: AVLNF) from treasury at a price of approximately C$0.091164 per share for total consideration of C$10,000,000, and a C$3,000,000 principal amount secured convertible debenture (the "Convertible Debenture") of Avalon.

Key Points:

TORONTO, June 15, 2023 /CNW/ - SCR-Sibelco NV ("Sibelco") announces that it has purchased 109,692,764 common shares ("Avalon Shares") in the capital of Avalon Advanced Materials Inc. ("Avalon") (TSX:AVL, OTCQB: AVLNF) from treasury at a price of approximately C$0.091164 per share for total consideration of C$10,000,000, and a C$3,000,000 principal amount secured convertible debenture (the "Convertible Debenture") of Avalon.
Upon completion of the transaction, Sibelco owns 109,692,764 Avalon Shares (the "Purchased Shares"), representing approximately 19.9% of the issued and outstanding Avalon Shares on a non-diluted basis.
These additional Avalon Shares, together with the Purchased Shares, would represent approximately 25.0% of the issued and outstanding Avalon Shares on a non-diluted basis (after giving effect to the conversion, and otherwise assuming no further issuances of Avalon Shares prior to such time).
Sibelco may from time to time acquire additional Avalon Shares or other securities of Avalon or dispose of some or all of the Avalon Shares or other securities of Avalon that it owns at such time.

Avalon Announces C$63M Strategic Investment by Sibelco to Create a Vertically Integrated Lithium Strategic Partnership in Ontario

Retrieved on:

Thursday, June 15, 2023

This new joint venture is expected to accelerate Avalon's core business objective of building a mid-stream lithium-hydroxide processing facility in Ontario.

Key Points:

This new joint venture is expected to accelerate Avalon's core business objective of building a mid-stream lithium-hydroxide processing facility in Ontario.
"This strategic partnership represents a significant step forward in scaling our business towards full vertical integration of our lithium production," said Scott Monteith, Chief Executive of Avalon.
"Sibelco's investment is a major vote of confidence in our vision, resources and capabilities by a respected and established international operator—and now partner."
"Our partnership with Avalon will focus both on the clean energy growth agenda and the technical glass and ceramics markets in which Sibelco has deep and time-tested expertise" Hilmar Rode, Sibelco Chief Executive Officer, said.

Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049

Retrieved on:

Thursday, June 1, 2023

Technology, Motor Sports, Baseball, General Sports, Sports, Entertainment, Other Technology, General Entertainment, TV and Radio, Liberty Media, Liberty, Penske Media Corporation, Indenture, Security (finance), Debenture

Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of May 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2048 (the “Debentures”).

Key Points:

Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of May 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2048 (the “Debentures”).
The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.2635 per $1,000 original principal amount of Debentures.
As of June 1, 2023, the aggregate adjusted principal amount outstanding is approximately $586 million, after giving effect to today’s quarterly interest payment.
Below is a detail of the amount of the quarterly interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures:

Agra Ventures Announces Agreement to Extend Maturity Date for Convertible Debentures

Retrieved on:

Tuesday, May 30, 2023

Exercise, ISIN, CUSIP, CSE, News, Debenture, Consolidation, Security (finance)

VANCOUVER, British Columbia , May 30, 2023 (GLOBE NEWSWIRE) -- Agra Ventures Ltd. (“AGRA” or the “Company”) (CSE: AGRA) (OTCPK: AGFAF), a company with diversified assets focused on the cannabis industry, announces that it has entered into an agreement with holders of the Company’s 10.00% Senior Unsecured Convertible Debentures (the “Debentures”) to amend the Debentures to extend the maturity date for an additional twelve months from March 12, 2023 to March 12, 2024.

Key Points:

VANCOUVER, British Columbia , May 30, 2023 (GLOBE NEWSWIRE) -- Agra Ventures Ltd. (“AGRA” or the “Company”) (CSE: AGRA) (OTCPK: AGFAF), a company with diversified assets focused on the cannabis industry, announces that it has entered into an agreement with holders of the Company’s 10.00% Senior Unsecured Convertible Debentures (the “Debentures”) to amend the Debentures to extend the maturity date for an additional twelve months from March 12, 2023 to March 12, 2024.
Subsequent to AGRA’s fiscal year ended December 31, 2022, the holders of the Debentures granted the Company forbearance on the maturity of the Debentures until May 31, 2023.
As a result, the total number of common shares issued and outstanding as of the date of this news release is 159,938,571.
On April 5, 2022, the Company announced an agreement to amend the Debentures to extend the maturity date for an additional twelve months from March 12, 2022 to March 12, 2023.

Allied Announces Successful Consent Solicitation and Cancellation of Debentureholder Meeting for Series D-I Debentures

Retrieved on:

Monday, May 29, 2023

Computershare, BCE Inc v 1976 Debentureholders, Canada Revenue Agency, Advance tax ruling, Meeting, Person, Suite, Aird, CRA, TSX, Solicitation, Security (finance), Bay Street, Trust, Series, Debenture, Indenture

TORONTO, May 29, 2023 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that it has solicited consents and proxies from holders (“Debentureholders”) of its 3.636% Series C Senior Unsecured Debentures due April 21, 2025 (“Series C Debentures”), 3.394% Series D Senior Unsecured Debentures due August 15, 2029 (“Series D Debentures”), 3.113% Series E Senior Unsecured Debentures due April 8, 2027 (“Series E Debentures”), 3.117% Series F Senior Unsecured Debentures due February 21, 2030 (“Series F Debentures”), 3.131% Series G Senior Unsecured Debentures due May 15, 2028 (“Series G Debentures”), 1.726% Series H Senior Unsecured Debentures due February 12, 2026 (“Series H Debentures”) and 3.095% Series I Senior Unsecured Debentures due February 6, 2032 (“Series I Debentures” and, together with the Series C Debentures, Series D Debentures, Series E Debentures, Series F Debentures, Series G Debentures and Series H Debentures, collectively, the “Debentures” and each, a “Series”) in order to approve the proposed amendments (the “Debenture Amendments”) to the trust indenture governing the Debentures between Allied and Computershare Trust Company of Canada, as debenture trustee (the “Debenture Trustee”), dated as of May 13, 2015 (as amended or supplemented from time to time, the “Indenture”).

Key Points:

TORONTO, May 29, 2023 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that it has solicited consents and proxies from holders (“Debentureholders”) of its 3.636% Series C Senior Unsecured Debentures due April 21, 2025 (“Series C Debentures”), 3.394% Series D Senior Unsecured Debentures due August 15, 2029 (“Series D Debentures”), 3.113% Series E Senior Unsecured Debentures due April 8, 2027 (“Series E Debentures”), 3.117% Series F Senior Unsecured Debentures due February 21, 2030 (“Series F Debentures”), 3.131% Series G Senior Unsecured Debentures due May 15, 2028 (“Series G Debentures”), 1.726% Series H Senior Unsecured Debentures due February 12, 2026 (“Series H Debentures”) and 3.095% Series I Senior Unsecured Debentures due February 6, 2032 (“Series I Debentures” and, together with the Series C Debentures, Series D Debentures, Series E Debentures, Series F Debentures, Series G Debentures and Series H Debentures, collectively, the “Debentures” and each, a “Series”) in order to approve the proposed amendments (the “Debenture Amendments”) to the trust indenture governing the Debentures between Allied and Computershare Trust Company of Canada, as debenture trustee (the “Debenture Trustee”), dated as of May 13, 2015 (as amended or supplemented from time to time, the “Indenture”).
Debentureholders representing over 66 2/3% of the aggregate principal amount of each of the Series D Debentures, Series E Debentures, Series F Debentures, Series G Debentures, Series H Debentures and Series I Debentures have provided consent in favour of an extraordinary resolution approving the Debenture Amendments.
The meeting of Debentureholders scheduled for June 1, 2023, will be cancelled with respect to all such Series.
Subject to the satisfaction or waiver of certain payment conditions described in the Solicitation Statement, Allied will pay a consent fee of $0.10 for each $1,000 principal amount of Debentures (the “Consent Fee”) to each eligible Debentureholder who responded to the consent solicitation and provided timely and valid consent and voting instructions.

WILDBRAIN EXERCISES SHARE REPAYMENT ELECTION IN RESPECT OF EXCHANGEABLE DEBENTURES

Retrieved on:

Tuesday, May 30, 2023

WildBrain, Exercise, Share, Debenture, VWAP, Finance Secretary (India), TSX, Security (finance), Issuer

As of the Maturity Date, an aggregate of approximately US$3.8 million in accrued and unpaid interest will be outstanding on the Debentures.

Key Points:

As of the Maturity Date, an aggregate of approximately US$3.8 million in accrued and unpaid interest will be outstanding on the Debentures.
The Issuer has given written notice to the Debenture holders that it is exercising the Share Repayment Right in respect of 100% of the outstanding principal of, and accrued and unpaid interest on, the Debentures, being an aggregate amount of approximately US$22.3 million.
Notwithstanding WildBrain's exercise of the Share Repayment Right, the Debentures continue to be exchangeable for variable voting shares at a price of US$1.072855 per share at the option of the holders of the Debentures at any time until the business day prior to the Maturity Date.
The exercise of the Share Repayment Right is subject to certain conditions, including, but not limited to, the approval of the TSX.

Emergia Inc. Announces the Payment of Interests in Shares

Retrieved on:

Tuesday, May 23, 2023

CSE, Corporation, United Arab Emirates corporate law, Debenture, Convertible, Indian stock exchange, Security (finance)

MONTREAL, May 23, 2023 (GLOBE NEWSWIRE) -- (CSE: EMER) Emergia Inc. (the “Corporation” or “Emergia”) is pleased to announce that an additional Convertible Debentures holder has elected to have his interests paid in shares of Emergia, totaling $26,548, at a price of $0.25 per share based on the market price, as per the Convertible Debentures Agreements dated October 29, 2021 (the “Debentures”), for a total of 106,192 shares being issued.

Key Points:

MONTREAL, May 23, 2023 (GLOBE NEWSWIRE) -- (CSE: EMER) Emergia Inc. (the “Corporation” or “Emergia”) is pleased to announce that an additional Convertible Debentures holder has elected to have his interests paid in shares of Emergia, totaling $26,548, at a price of $0.25 per share based on the market price, as per the Convertible Debentures Agreements dated October 29, 2021 (the “Debentures”), for a total of 106,192 shares being issued.
The Debentures were bearing interest at the rate of 8% per year, accruing in arrears, payable semi-annually in cash or in Class A Common Shares (the “Shares”) of the Corporation.
The Debentures were convertible at the holder’s option into Units of the Corporation at a conversion price of $0.85.
In addition, two suppliers have elected to have their debt, for a total amount of $75,500, settled in Shares at a price of $0.50 per share, for a total of 151,000 Shares.

Capital Southwest Announces Financial Results for Fourth Fiscal Quarter and Fiscal Year Ended March 31, 2023

Retrieved on:

Monday, May 22, 2023

During the quarter ended March 31, 2023, the Company received full prepayment on one debt investment totaling $16.8 million.

Key Points:

During the quarter ended March 31, 2023, the Company received full prepayment on one debt investment totaling $16.8 million.
For the quarter ended March 31, 2023, Capital Southwest reported total investment income of $37.2 million, compared to $32.8 million in the prior quarter.
For the quarter ended March 31, 2023, interest expense was $8.8 million as compared to $7.9 million in the prior quarter.
During the quarter ended March 31, 2023, Capital Southwest recorded total net realized and unrealized losses on investments of $4.2 million, compared to $16.4 million in the prior quarter.

Lifeist Announces Closing of Non-Brokered Debt Financing

Retrieved on:

Friday, May 19, 2023

Debt, TSX Venture Exchange, Person, Prospectus, Science, Regulation, National instrument, Offering, NEWS, Cannabis, Finance Secretary (India), Debenture, News, Security (finance)

TORONTO, May 19, 2023 (GLOBE NEWSWIRE) -- Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech company that leverages advancements in science and technology to build breakthrough companies that transform human wellness, today announced that it has closed a tranche of the non-brokered private placement (the "Offering") of secured convertible debentures (the "Debentures") originally announced on March 16, 2023 for aggregate gross proceeds to the Company of $167,125 (the “Funded Amount”). The Company intends to use the proceeds from the Offering to help fuel expansion of Lifeist’s cannabis and nutraceuticals businesses, CannMart, Inc (“CannMart”) and Mikra Cellular Sciences Inc. (“Mikra”).

Key Points:

The repayment of the Principal Amount of the Debentures will be secured by a security agreement over specific equipment of the Company.
Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals.
Closing of the Offering is subject to regulatory approval, including that of the TSX Venture Exchange ("TSXV").
The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the “U.S.