NetworkNewsBreaks – PowerBand Solutions Inc. (TS
Post# of 122
(Total Views: 213)
Posted On: 10/26/2020 3:27:55 PM
NetworkNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Conversion of Debenture
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, on Friday announced that the sole holder of a $1.5 million convertible debenture with a maturity date of October 22, 2020, has elected to convert the entire principal, pursuant to an unsecured convertible note dated October 22, 2019. According to the update, $1.0 million of the principal amount is convertible at a price of $0.065 and $500,000 of the principal amount is convertible at a price of $0.085. In total, 21,266,968 common shares will be issued as fully paid and non‑assessable shares in the capital of PowerBand Solutions as of October 22, 2020. The securities issued are subject to a four month hold period, which will expire on February 23, 2021.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, on Friday announced that the sole holder of a $1.5 million convertible debenture with a maturity date of October 22, 2020, has elected to convert the entire principal, pursuant to an unsecured convertible note dated October 22, 2019. According to the update, $1.0 million of the principal amount is convertible at a price of $0.065 and $500,000 of the principal amount is convertible at a price of $0.085. In total, 21,266,968 common shares will be issued as fully paid and non‑assessable shares in the capital of PowerBand Solutions as of October 22, 2020. The securities issued are subject to a four month hold period, which will expire on February 23, 2021.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)Powerband Solutions Inc. (PWWBF) Stock Research Links
Scroll down for more posts ▼