Business
Agrios Global Holdings Ltd. Closes First Tranche of Convertible Debenture
Agrios Global Holdings Ltd. Closes First Tranche of Convertible Debenture.
About this update from Agrios Global Holdings Ltd
[{"type":"text","content":"\n\n\n\nAgrios Global Holdings Ltd. Closes First Tranche of 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. Closes First Tranche of Convertible Debenture\nCanada NewsWire\nVANCOUVER, June 14, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n VANCOUVER, June 14, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) (\"Agrios\" or the \"Company\") is pleased to announce, further to its news release of June 13, 2019, that it has closed the first tranche of its non-brokered private placement of unsecured convertible debentures (\"Debentures\"), in the principal amount of C$1,010,000 (the \"Offering\"). \nThe Debentures will mature on June 14, 2022 (the \"Maturity Date\"), being 36 months after the issue date (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 on the Debentures are 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 following 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 following 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 con...