Poet Technologies 3,289,500 bonus warrants
2019-04-26 19:27 ET - Miscellaneous
The TSX Venture Exchange has accepted for filing the company's proposal to issue 3,289,500 non-transferable bonus warrants to an arm's-length creditor in consideration of advancing a secured credit facility of $5-million (U.S.) principal amount to the company. The facility will bear interest of 17.25 per cent per annum and mature on Dec. 31, 2019.
Each bonus warrant is exercisable into one common share at 35 Canadian cents for a period of one year.
For further details, please refer to the company's news release dated April 11, 2019.
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