(Total Views: 96)
Posted On: 01/30/2018 7:50:27 PM
Post# of 2022
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I believe I am just reading new news regarding. Just released. See attached... I have yet to digest.
https://finance.yahoo.com/news/evio-inc-close...00770.html
Convertible Debentures have a maturity date of 36 months from issuance. Simple interest shall be paid on a simple basis at a rate of 8% per annum. It shall be paid quarterly in arrears until maturity or until conversion.
The principal amount of the Debentures and any accrued interest thereon will be convertible at the option of the Investor into common shares of the Offeror (the "Conversion Shares"
at any time at a conversion price (the "Conversion Price" of US$0.60 per Conversion Share.
The Company intends to use the net proceeds of the Offering to fund the development and expansion of its California laboratory operations as well as for working capital, retire existing debt and for general corporate purposes.
https://finance.yahoo.com/news/evio-inc-close...00770.html
Convertible Debentures have a maturity date of 36 months from issuance. Simple interest shall be paid on a simple basis at a rate of 8% per annum. It shall be paid quarterly in arrears until maturity or until conversion.
The principal amount of the Debentures and any accrued interest thereon will be convertible at the option of the Investor into common shares of the Offeror (the "Conversion Shares"
at any time at a conversion price (the "Conversion Price" of US$0.60 per Conversion Share. The Company intends to use the net proceeds of the Offering to fund the development and expansion of its California laboratory operations as well as for working capital, retire existing debt and for general corporate purposes.
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