Poet Technologies 3,289,500 bonus warrants

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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ontheroad74

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Poet Technologies 3,289,500 bonus warrants

posted on Apr 26, 2019 07:44PM

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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