Examples of Convertible Debentures in a sentence
Additionally, on closing, the Company issued to the Subscribers of the July Convertible Debentures an aggregate of 13,737,500 July Warrants, that represents one-half of one warrant for each CAD$0.24 of Principal amount subscribed.
The July Convertible Debentures are convertible into common shares of the Company at a conversion price of CAD$0.24 per common share, at any time on or prior to the maturity date.
The Convertible Debentures accrue interest at 9% per year, paid quarterly, and mature 48 months from the date of issue.
Deferred financing costs related to the mortgage and the issuance of Convertible Debentures are included within liabilities on the Consolidated Balance Sheets and are amortized using the effective interest rate method over the term to maturity.
The December Convertible Debentures accrue interest at 9% per year, paid quarterly, and mature 36 months from the date of issue.