Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture
VANCOUVER, British Columbia, Oct. 27, 2023 (GLOBE NEWSWIRE) --
- In addition, the Debentures are secured against all of the present and after acquired personal property of the Company.
- The Company also announces that it expects to amend the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018.
- The Company intends to amend the conversion price of the 2018 Convertible Debentures to $0.15 per 2018 Debenture Share and amend the maturity date of the 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
- The Financing, Amendments and issuance of the Replacement Warrants are subject to the final approval of the TSX Venture Exchange.