Examples of Series B Debentures in a sentence
The debt discount attributed to the value of the warrants issued is amortized over the Series B Debentures maturity period (three years) as interest expense.
The expected interest was based on the rate as stated in the terms of the Series B Debentures.
The debt discount attributed to the beneficial conversion feature is amortized over the Series B Debentures maturity period (three years) as interest expense.
Quinsam Capital CorporationIn October 2018, Quinsam Capital Corporation (“Quinsam”), a merchant bank in Canada where Peter Bilodeau (the Interim CEO of the Company) was the President and a director, and where Keith Li (former CFO of the Company) is also the CFO, had subscribed for 250 Series B Debentures Units for $190,350 (C$250,000).
Restricted cash comprises the Series B Debentures principal reserve fund, capital maintenance reserve funds required for certain mortgages and an employee benefits reserve.