Loan note

Reborn Coffee Announces Conversion of $1.0 Million of Outstanding Debt into Common Equity

Retrieved on: 
Thursday, November 30, 2023
DRE, Loan note, Coffee, Growth, Exchange, Security (finance)

BREA, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee industry, today announced the conversion of $1.0 million of outstanding debt held by the Company’s Vice Chairman of the Board of Directors, Dennis Egidi, into common equity.

Key Points: 
  • BREA, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee industry, today announced the conversion of $1.0 million of outstanding debt held by the Company’s Vice Chairman of the Board of Directors, Dennis Egidi, into common equity.
  • On June 26, 2023, the Company secured a $1.0 million credit facility with DRE, Inc. (“DRE”), owned and controlled by Dennis Egidi, to fund working capital requirements and operating expenses.
  • “This exchange of debt for equity by our longstanding Director reflects a significant vote of confidence for what our team has been building at Reborn, and reduces our debt by $1.0 million,” said Jay Kim, Chief Executive Officer of Reborn.
  • This rate is indicative of the company's current valuation and its potential for growth in the coffee market.”

Coinsilium Group Limited: Conversion of Greengage Loan Note and Subscription for New Shares

Retrieved on: 
Thursday, June 15, 2023
Loan note, Web3, Digital asset, EUR, Gibraltar, Transaction, AI, Letter, GBP, Security (finance), Pharmaceutical industry, Cryptocurrency, Greengage

Coinsilium to receive 11,094 Greengage A ordinary shares and 7,510 warrants after conversion of principal and interest of the GBP200,000 loan notes.

Key Points: 
  • Coinsilium to receive 11,094 Greengage A ordinary shares and 7,510 warrants after conversion of principal and interest of the GBP200,000 loan notes.
  • Coinsilium further supports Greengage’s latest funding round with GBP25,000 follow on investment, Coinsilium to receive 1,039 Greengage A Shares and 860 warrants.
  • The total number of Greengage warrants held by Coinsilium, including the loan conversion warrants and the equity warrants is 8,370.
  • The total number of Greengage warrants held by Coinsilium following the above loan conversion and follow-on investment is 8,370.

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2022 Results

Retrieved on: 
Tuesday, November 8, 2022
TSX, Senior, Capital expenditure, Capital, Adjustment, Company, Income, Note, OTC, NEW, Loan note, Loan, Public expenditure, Hand, Gemstone, Bank, Lithium, Ridesharing company, Health insurance, Renewable energy, Rare-earth element, Q2

TORONTO and NEW YORK, Nov. 8, 2022 /PRNewswire/ -Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) is pleased to release its financial and operating results for the third quarter ("Q3 2022") and nine months ended September 30, 2022.

Key Points: 
  • TORONTO and NEW YORK, Nov. 8, 2022 /PRNewswire/ -Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) is pleased to release its financial and operating results for the third quarter ("Q3 2022") and nine months ended September 30, 2022.
  • 23.8 million total tonnes mined for the nine months ended September 30, 2022, a 3% decrease from the 24.6 million total tonnes mined for the nine months ended September 30, 2021.
  • Financial Highlights for the nine months ended September 30, 2022
    Adjusted EBITDA2 of $153.8 million compared to $98.2 million for the nine months ended September 30, 2021.
  • The following table summarizes key operating statistics for the Gahcho Ku Mine in the three and nine months ended September 30, 2022 and 2021.

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2022 Results

Retrieved on: 
Tuesday, November 8, 2022
TSX, Senior, Capital expenditure, Capital, Adjustment, Company, Income, Note, OTC, NEW, Loan note, Loan, Public expenditure, Hand, Gemstone, Bank, Lithium, Ridesharing company, Health insurance, Renewable energy, Rare-earth element, Q2

TORONTO and NEW YORK, Nov. 8, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) is pleased to release its financial and operating results for the third quarter ("Q3 2022") and nine months ended September 30, 2022. All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • TORONTO and NEW YORK, Nov. 8, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) is pleased to release its financial and operating results for the third quarter ("Q3 2022") and nine months ended September 30, 2022.
  • 23.8 million total tonnes mined for the nine months ended September 30, 2022, a 3% decrease from the 24.6 million total tonnes mined for the nine months ended September 30, 2021.
  • Financial Highlights for the nine months ended September 30, 2022
    Adjusted EBITDA2 of $153.8 million compared to $98.2 million for the nine months ended September 30, 2021.
  • The following table summarizes key operating statistics for the Gahcho Ku Mine in the three and nine months ended September 30, 2022 and 2021.

Amryt Announces Details of EMA Contingent Value Rights Payment

Retrieved on: 
Tuesday, May 17, 2022
Deed poll, USD, Loan note, CHMP, EMA, Diet, Lipodystrophy, EB, Investment, Degenerative disease, Birth, European, COVID-19, Lomitapide, Octreotide, Link group, GL, Acquisition, Company, Holder, European Medicines Agency, Deed, Lists of diseases, Somatostatin, Nasdaq, Environment, Patient, Acromegaly, Metreleptin, Forward-looking statement, Contingent value rights, Pharmaceutical industry, Security (finance), Dietary supplement, Junctional epidermolysis bullosa (medicine), EU

Each CVR Holder will be issued with one loan note of USD$0.0995 for each CVR they hold (each a Loan Note).

Key Points: 
  • Each CVR Holder will be issued with one loan note of USD$0.0995 for each CVR they hold (each a Loan Note).
  • The total amount due to each CVR Holder will be paid by cheque on the Payment Date.
  • Amryt alsointends to develop oral medications that are currently only available as injectable therapies through itsTransient PermeabilityEnhancer (TPE) technology platform.For more information on Amryt, including products, please visit www.amrytpharma.com .
  • Such forward-looking statements reflect the Companys current beliefs and assumptions and are based on information currently available to management.

Decklar Resources Inc. Announces Closing of Funding Transaction With San Leon Energy

Retrieved on: 
Thursday, January 27, 2022
San Leon Energy, AIM, Subscription business model, Maintenance, Smart contract, Loan, Oza, Ownership, Option, FSE, Millennium, South Tyrol Option Agreement, TSX Venture Exchange, Company, Loan note, Petroleum, Tax, DKL, GLOBE, Delays, Binding, Security (finance), Bank, Lease

Decklar Petroleum and San Leon have agreed to new terms on financing arrangements whereby San Leon will advance US$4,750,000 immediately and an additional US$2,000,000 by April 30, 2022 (or San Leon will accept a pro rata reduction in its shareholding in Decklar Petroleum).

Key Points: 
  • Decklar Petroleum and San Leon have agreed to new terms on financing arrangements whereby San Leon will advance US$4,750,000 immediately and an additional US$2,000,000 by April 30, 2022 (or San Leon will accept a pro rata reduction in its shareholding in Decklar Petroleum).
  • Terms of previously announced agreements between Decklar Petroleum and San Leon have been modified in order to complete the transaction.
  • As detailed below, in 2020, the Company announced that San Leon had conditionally agreed to advance US$7,500,000 by way of a loan to Decklars wholly-owned subsidiary, Decklar Petroleum Limited (Decklar Petroleum).
  • Decklar has agreed to modified terms to proceed with the arrangement with San Leon and to involve San Leon in future development planning.

Coinsilium Group Limited: Proposed Strategic Investment in Greengage

Retrieved on: 
Friday, August 20, 2021
IOV, Company, Acquisition, Intention, Transaction, Loan note, MAR, Share repurchase, Common stock, Share, Sale, Letter, Loan, Security (finance), Sales, Coinsilium, Greengage, COINSILIUM, GREENGAGE

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The above assumptions are on the basis of information provided by Greengage.
  • Greengage and each selling shareholder will negotiate in good faith with a view to completing the Transaction in an expedient manner.
  • More extensive details regarding the Transaction and the proposed strategic relationship will be provided to the market as and when completion of the Transaction is announced.

Tern PLC: Device Authority convertible loan note maturity date extension

Retrieved on: 
Wednesday, September 30, 2020
Finance, Financial markets, Money, Fixed-income securities, Structured finance, Loans, Tranche, Tern, Convertible bond, Loan note

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that the maturity date for all convertible loan notes provided to its portfolio company Device Authority Limited ("Device Authority") by Tern, Alsop Louie Partners and the George Samenuk Family Trust et al., has been extended to 31 March 2021.

Key Points: 
  • Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ("IoT"), announces that the maturity date for all convertible loan notes provided to its portfolio company Device Authority Limited ("Device Authority") by Tern, Alsop Louie Partners and the George Samenuk Family Trust et al., has been extended to 31 March 2021.
  • The outstanding loan balance payable by Device Authority to Tern currently stands at $3.6 million, excluding interest accrued to date.
  • Further details regarding the terms of Tern's loans to Device Authority can be found in the Company announcements regarding the first and second tranches of the loan notes made on 30 November 2017 and 28 December 2017 respectively.
  • All other subsequent tranches of loans notes were issued on the same terms as the second tranche, save for any revisions to maturity dates.

Subscription of Convertible Loan Notes of Serabi Gold Plc

Retrieved on: 
Tuesday, June 30, 2020
Finance, Economy, Money, Corporate finance, Structured finance, United States housing bubble, Loans, Convertible bond, Legal documents, Convertible security, Loan note, Libor

GUERNSEY, Channel Islands, June 30, 2020 (GLOBE NEWSWIRE) -- Further to the press release of Serabi Gold Plc (the Company) of April 24, 2020, Greenstone Resources II L.P. (Greenstone) announces that it has subscribed for an aggregate of US$1,500,000 (equivalent to C$2,052,300, using the closing exchange rate of US$1:C$1.3682 on June 29, 2020 published on the Bank of Canada website) convertible loan notes issued by the Company (the Convertible Loan Notes).

Key Points: 
  • GUERNSEY, Channel Islands, June 30, 2020 (GLOBE NEWSWIRE) -- Further to the press release of Serabi Gold Plc (the Company) of April 24, 2020, Greenstone Resources II L.P. (Greenstone) announces that it has subscribed for an aggregate of US$1,500,000 (equivalent to C$2,052,300, using the closing exchange rate of US$1:C$1.3682 on June 29, 2020 published on the Bank of Canada website) convertible loan notes issued by the Company (the Convertible Loan Notes).
  • The Convertible Loan Notes were subscribed in three tranches of US$500,000 each, on 30 April,29 May and 30 June 2020 and were issued pursuant to a subscription deed dated 21 January 2020, as amended, in respect of the issuance of up to US$12 million convertible loan notes.
  • The Convertible Loan Notes mature on August 31, 2021, being the date that is 16 months after issuance of the first tranche of notes, and bear an annual interest rate of LIBOR plus 13 per cent.
  • Interest is payable in cash at maturity (or earlier conversion, redemption or transfer of the Convertible Loan Notes in accordance with their terms).

Amended Subscription by Greenstone Resources II LP (“Greenstone”) for US$12 million Convertible Loan Notes and issue of 50,000 new Ordinary Shares

Retrieved on: 
Friday, April 24, 2020
Economy, Finance, Money, Corporate finance, Convertible bond, Legal documents, Greenstone, Financial markets, Convertible security, The International Stock Exchange, Loan note

Greenstone, together with its Connected Persons and other persons acting in concert with Greenstone, is currently beneficially interested in 14,887,971 Ordinary Shares, representing approximately 25.27 per cent.

Key Points: 
  • Greenstone, together with its Connected Persons and other persons acting in concert with Greenstone, is currently beneficially interested in 14,887,971 Ordinary Shares, representing approximately 25.27 per cent.
  • If the value of depreciates against the US$, the number of new Ordinary Shares to be issued to Greenstone on conversion of the Convertible Loan Notes would increase.
  • The Company will pay an arrangement fee of US$300,000 in cash to Greenstone on redemption of the Convertible Loan Notes or the conversion of all Convertible Loan Notes, whichever is earliest.
  • The Company intends to apply for the Convertible Loan Notes to be listed on The International Stock Exchange in Guernsey.