NetworkNewsBreaks – Plus Products Inc. (CSE: PLU
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Posted On: 02/25/2021 3:31:23 PM
NetworkNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Debentureholders Approve Amendments; Extraordinary Meeting of Debentureholders Cancelled
Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has announced that holders of the company’s 8% unsecured convertible debentures approved several amendments and resolutions. The approval came via signed instruments in writing in the form of proxy. The announcement noted that the amendments have been validly approved. Because the approval has been obtained via proxy, the debentureholder meeting scheduled for today has been cancelled. Amendments included the extension of the maturity date for debentures with maturity dates of Feb. 28, 2021; an increase of the coupon rate of the debentures from 8% to 12%; granting a proposed conversion right to debentureholders; and amending the redemption price of the debentures. In addition, several resolution amendments were approved, including payment of a consent fee, delisting the debentures from the Canadian Securities Exchange (“CSE”) and listing of the amended debentures on the CSE.
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Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, has announced that holders of the company’s 8% unsecured convertible debentures approved several amendments and resolutions. The approval came via signed instruments in writing in the form of proxy. The announcement noted that the amendments have been validly approved. Because the approval has been obtained via proxy, the debentureholder meeting scheduled for today has been cancelled. Amendments included the extension of the maturity date for debentures with maturity dates of Feb. 28, 2021; an increase of the coupon rate of the debentures from 8% to 12%; granting a proposed conversion right to debentureholders; and amending the redemption price of the debentures. In addition, several resolution amendments were approved, including payment of a consent fee, delisting the debentures from the Canadian Securities Exchange (“CSE”) and listing of the amended debentures on the CSE.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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