Chemistree Technology unveils plans for debenture offering
Chemistree Technology Inc (CSE:CHM) (OTCMKTS: CHMJF) is set for an offering of convertible debenture units and has appointed broker Canaccord as the sole bookrunner.
In a short form prospectus, the firm said each debenture unit will consist of one 10% unsecured convertible debenture of the company worth $1,000 with interest payable semi-annually in arrears on June 30 and December 31 of each year, beginning June 30 this year.
WATCH: Chemistree Technology preparing to build greenhouse and production facility in Cali
The debentures will mature three years from the date of issue and the debenture units will also consist of 2,000 company share purchase warrants expiring 36 months after the date of issue.
Each debenture is convertible at $0.50 per share subject to certain adjustments, while each warrant allows the holder one share at an exercise price of $0.70 per share until the expiry date.
The debentures and the warrants comprising the debenture units will separate immediately upon the closing of the offering.
There is no minimum amount of funds that must be raised under the offering, the company noted.
Contact Giles at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/214000/chemistree-technology-unveils-plans-for-debenture-offering-214000.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).