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Message: Re: Report of Exempt Distribution - 23 Jul 2020

No new money here. It relates to the following:

Details of rights and convertible/exchangeable securities

600,000 Common Share Purchase Warrants in regards to:
 
"The maturity date of the Company’s US$12 million 10% secured convertible debenture (the “Debenture”), and payment of accrued interest thereon, has been extended by one year from September 26, 2020 to September 26, 2021. In connection with the extension, the holder, a wholly-owned subsidiary of ORI Star Fund LP, received 600,000 warrants exercisable until December 31, 2024 at a price of CAD$0.74 per share." 
 
Koo

 

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