HL Acquires Additional Securities of RVX

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KOO-KOO2

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HL Acquires Additional Securities of RVX

posted on May 22, 2021 06:55AM

RVXOT what do you make of this?

https://www.marketscreener.com/quote/stock/RESVERLOGIX-CORP-1411552/news/Shenzhen-Hepalink-Pharmaceutical-Group-Co-Ltd-Acquires-Additional-Securities-of-Resverlogix-Corp-33324664/

"Calgary, Alberta--(Newsfile Corp. - May 21, 2021) - Shenzhen Hepalink Pharmaceutical Group Co., Ltd. ("Hepalink") announces that on May 13, 2021, it acquired 10% secured convertible debentures due May 13, 2022, of Resverlogix Corp. (TSX: RVX) (OTC Pink: RVXCF) (the "Company") in the principal amount of US$6 million and 300,000 common share purchase warrants of the Company by way of a private placement (the "Private Placement") for a purchase price of US$6 million (Cdn$7.4 million)." (bolding added)

It would seem that HL is in the process of converting the debentures to Common Shares by way of a private placement?

The same is also reported on SEDAR.

Koo

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