logo-loader
viewChemistree Technology Inc.

Chemistree Technology unveils plans for debenture offering

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

Businessman looking at financial charts
The company is set for a debenture unit 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]

Quick facts: Chemistree Technology Inc.

Price: 0.17 CAD

CSE:CHM
Market: CSE
Market Cap: $5.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Chemistree Technology Inc. named herein, including the promotion by the Company of Chemistree Technology Inc. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buds & Duds: Cannabis stocks tumble led by mixed 3Q earnings from Aphria

Buds of Monday are Valens GroWorks Corp (CSE:VGW) (OTCMKTS:VGWCF), Chemistree Technology Inc (CSE:CHM) (OTCMKTS:CHMJF) while the duds are Aphria Inc (TSE:APHA) (NYSE:APHA), Cronos Group Inc (NASDAQ:CRON) (TSE:CRON). 

on 04/15/2019

2 min read