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Agrios Global Holdings Ltd. Arranges Convertible Debenture
Agrios Global Holdings Ltd. Arranges Convertible Debenture.
About this update from Agrios Global Holdings Ltd
[{"type":"text","content":"\n\n\n\nAgrios Global Holdings Ltd. Arranges Convertible Debenture\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAgrios Global Holdings Ltd. Arranges Convertible Debenture\nCanada NewsWire\nVANCOUVER, June 13, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n VANCOUVER, June 13, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) (\"Agrios\" or the \"Company\") announces it has arranged a non-brokered private placement convertible debenture offering (the \"Offering\") of unsecured convertible debentures (\"Debentures\"), in denominations of C$1,000 per Debenture, for aggregate gross proceeds of up to C$3 million dollars.\nThe Debentures will mature 36 months (the \"Maturity Date\") from the date of issuance (the \"Issue Date\") and bear interest at a rate equal to 8% per annum, payable in cash or common shares of the Company (\"Shares\"), at the discretion of the Company, on the last day of each calendar year. The principal and any accrued interest of the Debentures will be convertible at the option of the holder into Shares at a price of C$0.65 per Share (the \"Conversion Price\").\nThe Debentures are subject to early redemption, either in whole or part, by the Company at any time after the Issue Date, at a price equal to the outstanding principal amount of the Debentures plus all accrued and interest as at and including the redemption date. The Debentures are not assignable without the consent of the Company. The Company may at any time, prepay all or any part of the amount owing without notice, penalty or bonus.\nHolders of Debentures may, at any time after the Issue Date, elect to convert their Debentures into Shares at the Conversion Price. If, at any time after four months and one day from the Issue Date, the daily volume weighted average closing price of the Shares on the CSE is greater than C$1.00 for a period of 10 consecutive trading days, the Company may convert the Debentures into Shares at the Conversion Price.\nTh...