Convertible security

Novo Announces Agents’ Exercise of Over-Allotment Option and Closing of Brokered Financing Totaling C$26.4 Million

Retrieved on: 
Tuesday, May 4, 2021
Finance, Money, Financial economics, Convertible security, Nullagine, Western Australia, Indenture, Warrant

The Company also plans to initiate expansive exploration programs in the East Pilbara region of Western Australia, particularly in the Nullagine area, to continue expanding Beatons Creek\xe2\x80\x99s footprint and identify targets with potential to become near-to-medium term mill feed.

Key Points: 
  • The Company also plans to initiate expansive exploration programs in the East Pilbara region of Western Australia, particularly in the Nullagine area, to continue expanding Beatons Creek\xe2\x80\x99s footprint and identify targets with potential to become near-to-medium term mill feed.
  • Pursuant to the Special Warrant Indenture, each Special Warrant is convertible into one unit of the Company (each, a "Unit") without payment of any additional consideration.
  • In addition to the Company\xe2\x80\x99s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.
  • For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected]\nOn Behalf of the Board of Directors,\n'

Queen's Road Capital Announces Investment in Los Andes Copper Ltd.

Retrieved on: 
Monday, May 3, 2021
Finance, Corporate finance, Financial markets, Money, Convertible bond, Andes, Debenture, Convertible security

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.

NOXXON Announces €1.2M Equity Raise Through Conversion of Warrants by Kreos Capital and Other Historical Investors

Retrieved on: 
Friday, April 30, 2021
Biotechnology, Other Health, Health, Pharmaceutical, Oncology, Finance, Corporate finance, Money, Financial economics, Equity securities, Options, Convertible security, Warrant, Convertible bond

Following this warrant exercise, Kreos Capital holds 7.38% of outstanding shares in NOXXON.\nThe warrants were issued in connection with NOXXON\xe2\x80\x99s \xe2\x82\xac1 million private placement, Kreos Capital\xe2\x80\x99s partial conversion of debt into equity and \xe2\x82\xac10 million convertible notes with warrants on May 2, 2017.

Key Points: 
  • Following this warrant exercise, Kreos Capital holds 7.38% of outstanding shares in NOXXON.\nThe warrants were issued in connection with NOXXON\xe2\x80\x99s \xe2\x82\xac1 million private placement, Kreos Capital\xe2\x80\x99s partial conversion of debt into equity and \xe2\x82\xac10 million convertible notes with warrants on May 2, 2017.
  • Details of the transaction can be found in the associated press release .\n\xe2\x80\x9cWe are pleased to exercise these warrants and increase our investment in NOXXON.
  • NOXXON plans to test NOX\xe2\x80\x91E36 in patients with solid tumors both as a monotherapy and in combination.
  • The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments.

Snap Announces Pricing of $1.0 Billion Convertible Senior Notes Offering Due 2027

Retrieved on: 
Wednesday, April 28, 2021
Consumer electronics, Technology, Photography, Mobile, Wireless, Software, Internet, Financial markets, Stock market, 73rd United States Congress, U.S. Securities and Exchange Commission, Security, SEC Rule 144A, Securities Act, Qualified institutional buyer, Convertible security

b'Snap Inc. (NYSE: SNAP) announced today the pricing of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2027 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act.

Key Points: 
  • b'Snap Inc. (NYSE: SNAP) announced today the pricing of $1.0 billion aggregate principal amount of 0% convertible senior notes due 2027 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act.
  • Snap also granted the initial purchasers of the notes an option to purchase up to an additional $150.0 million aggregate principal amount of notes.
  • The sale of the notes is expected to close on April 30, 2021, subject to customary closing conditions.\nThe notes will be general unsecured obligations of Snap.
  • After that, the notes will be convertible at the option of the holders at any time until the close of business on the business day immediately preceding the maturity date.

Snap Announces Proposed Private Offering of $1.0 Billion of Convertible Senior Notes Due 2027

Retrieved on: 
Monday, April 26, 2021
Consumer electronics, Technology, Photography, Mobile, Wireless, Software, Internet, Financial markets, Financial economics, Finance, Corporate finance, Equity securities, Stock market, Stock dilution, Stock, Snap Inc., Snap, Convertible security, Option

After that, the notes will be convertible at the option of the holders at any time until the close of business on the business day immediately preceding the maturity date.

Key Points: 
  • After that, the notes will be convertible at the option of the holders at any time until the close of business on the business day immediately preceding the maturity date.
  • On conversion, Snap will elect to settle the notes in cash, shares of Snap\xe2\x80\x99s Class A common stock, or a combination of cash and shares of Snap\xe2\x80\x99s Class A common stock.
  • The capped call transactions will cover, subject to customary anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Snap Class A common stock that will initially underlie the notes.
  • In addition, any forward-looking statements contained in this press release are based on assumptions that Snap believes to be reasonable as of this date.

Byrna Technologies Inc. Announces Reverse Stock Split

Retrieved on: 
Friday, April 23, 2021
Financial markets, Stock market, Finance, Financial economics, Corporate finance, Equity securities, Reverse stock split, Stock, Common stock, Share, Consolidation, Convertible security

b'ANDOVER, Mass., April 23, 2021 /PRNewswire/ --Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ("Byrna" or "the Company") today announces that the Company\'s Board of Directors has determined to complete a reverse stock split (also referred to as a consolidation) of the Company\'s issued shares of common stock on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation shares of common stock (the "consolidation" or the "reverse stock split").\nThe Board of Directors determined the reverse stock split is necessary in order for the Company to meet certain requirements for listing on a national exchange.\n"This reverse split is an important step in our growth," stated CEO Bryan Ganz.

Key Points: 
  • b'ANDOVER, Mass., April 23, 2021 /PRNewswire/ --Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ("Byrna" or "the Company") today announces that the Company\'s Board of Directors has determined to complete a reverse stock split (also referred to as a consolidation) of the Company\'s issued shares of common stock on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation shares of common stock (the "consolidation" or the "reverse stock split").\nThe Board of Directors determined the reverse stock split is necessary in order for the Company to meet certain requirements for listing on a national exchange.\n"This reverse split is an important step in our growth," stated CEO Bryan Ganz.
  • The new CUSIP and ISIN for the Shares are 12448X 201 and US12448X2018, respectively.\nThe Company currently has 205,629,938 shares of common stock issued and outstanding shares of common stock and on completion of the reverse stock split there are expected to be 20,562,993 issued and outstanding shares of common stock (assuming there are no issuances of shares upon the exercise of convertible securities).
  • Until surrendered, each certificate representing pre-consolidation shares will be deemed for all purposes to represent the number of whole post-consolidation shares to which the holder thereof is entitled because of the reverse stock split.
  • Forward-looking statements in this news release include but are not limited to the terms of the reverse stock split, the date the shares will begin trading on the Canadian Securities Exchange and OTCQB on a post-consolidation basis, the record date of the reverse stock split, regulatory approvals in connection with the reverse stock split, the listing of the shares on a national exchange, and the effect of such listing on the market for the Company\'s securities, liquidity, future shareholder value, and the mechanics of replacement of stockholder certificates.

ALYI Releases Electric Vehicle Ecosystem Progress Review With Cryptocurrency And Conventional Financing Updates

Retrieved on: 
Tuesday, April 20, 2021
Convertible bond, Corporate finance, Convertible security

Earlier this year, RevoltTOKEN, ALYI\'s finance partner launched Revolt Token\'s for sale.\nCurrently Revolt Token\'s are for sale directly from RevoltTOKEN ( www.RevoltToken.com ).

Key Points: 
  • Earlier this year, RevoltTOKEN, ALYI\'s finance partner launched Revolt Token\'s for sale.\nCurrently Revolt Token\'s are for sale directly from RevoltTOKEN ( www.RevoltToken.com ).
  • To provide the funds for Alternet\'s investment, the Company issued a $1 million convertible note with a $0.10 conversion price.
  • The statements reflect the Company\'s current views with respect to future events that involve risks and uncertainties.
  • In the light of these uncertainties, the forward-looking events referred to in this release might not occur.\n'

SunMirror AG Announces Successful Placement of a Convertible Bond in the Equivalent Value of USD 10 Million

Retrieved on: 
Tuesday, April 13, 2021
Professional services, Natural Resources, Mining, Minerals, Finance, Financial markets, Finance, Financial economics, Corporate finance, Stock market, Convertible bond, Equity securities, Bond, Par value, Convertible security, Xetra, Stock

b'SunMirror AG ("SunMirror"; XETRA Vienna: ROR1; ISIN CH0396131929) announces the issuance of convertible bonds in the equivalent amount of USD 10,000,000.

Key Points: 
  • b'SunMirror AG ("SunMirror"; XETRA Vienna: ROR1; ISIN CH0396131929) announces the issuance of convertible bonds in the equivalent amount of USD 10,000,000.
  • The convertible bonds with conversion rights to acquire 133,305 bearer shares with a par value of CHF 1.00 each was fully subscribed.
  • The conversion price is CHF 70 per bearer share.
  • The company\'s shares (ISIN CH0396131929) are listed on the Vienna Stock Exchange (ticker: ROR1) and the D\xc3\xbcsseldorf Stock Exchange.

Noront Resources Issues Stock Based Compensation

Retrieved on: 
Friday, April 9, 2021
Financial markets, Corporate finance, Finance, Financial economics, Stock market, Fundamental analysis, Employee stock ownership, Restricted stock, Equity securities, Option, Stock, Convertible security

TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (Noront or the Company) (TSX Venture: NOT) announced today that the Noront Board of Directors has granted 500,998 restricted stock units (RSUs) convertible into common shares of the Company six months from the date of grant, being October 8, 2021.

Key Points: 
  • TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (Noront or the Company) (TSX Venture: NOT) announced today that the Noront Board of Directors has granted 500,998 restricted stock units (RSUs) convertible into common shares of the Company six months from the date of grant, being October 8, 2021.
  • These options have an exercise price of $0.24 per share, being the closing market price on the date of grant, and are exercisable for a period of five years.
  • The options and RSUs were granted pursuant to Noronts stock option plan and share awards plan, respectively and will be used to compensate, incentivize, and retain key members of the Board and Management team.
  • The issuance of options and restricted stock units are subject to all applicable regulatory and exchange approvals.

Genesis Energy, L.P. Declares Quarterly Distribution

Retrieved on: 
Thursday, April 8, 2021
Other Energy, Oil, Gas, Natural Resources, Energy, Maritime, Logistics, Supply chain management, Transport, Mining, Minerals, Musical groups, Musicians, Record labels, Corporate finance, Stock market, Preferred stock, Genesis, Convertible security

Genesis Energy, L.P. (NYSE: GEL) announced today that, on April 7, 2021, the Board of Directors of its general partner declared a distribution on Genesis common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended March 31, 2021.

Key Points: 
  • Genesis Energy, L.P. (NYSE: GEL) announced today that, on April 7, 2021, the Board of Directors of its general partner declared a distribution on Genesis common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended March 31, 2021.
  • Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record.
  • With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
  • Genesis operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.