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Birchtree Investments Ltd. Announces Proposed Offering of Convertible Debt
VANCOUVER, British Columbia, March 17, 2025 (GLOBE NEWSWIRE) -- Birchtree Investments Ltd. (“Birchtree” or the “Company”) (CSE: BRCH), an investment company with the long-term goal of divesting its investment assets at a profit, announces a proposed loan by an arm’s length lender (the “Offering”) for $200,000 through the issuance of a subordinated unsecured convertible debenture (the “Debenture”) of the Company. The Debenture shall have a term of six months and shall bear interest at a r
About this update from Birchtree Investments Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, March 17, 2025 (GLOBE NEWSWIRE) -- Birchtree Investments Ltd. (“Birchtree” or the “Company”) (CSE: BRCH), an investment company with the long-term goal of divesting its investment assets at a profit, announces a proposed loan by an arm’s length lender (the “Offering”) for $200,000 through the issuance of a subordinated unsecured convertible debenture (the “Debenture”) of the Company. The Debenture shall have a term of six months and shall bear interest at a rate of 1.0% per month, payable on maturity (the “Maturity Date”). The Debentures will be convertible into common shares in the capital of the Company (the “Common Shares”) at the market price of the Common Shares at the time of conversion, subject to the approval of the Canadian Securities Exchange (the “CSE”) in the event such price is below $0.05, determined by the most recent closing price of the Common Shares on the day of conversion, at the option of the holder at any time prior to the close of business on the earlier of: (i) the last business day immediately preceding the Maturity Date, and (ii) the date fixed for redemption. The securities issuable pursuant to the Offering, including Common Shares issuable upon conversion, if applicable, are subject to a hold period of four months and a day from the date of closing of the Offering. No finders fees are payable in connection with the Offering. The Company intends to use the net proceeds from the Offering for potential new investments, working capital and general corporate purposes.","length":1566,"tagName":"p"},{"type":"text","content":"About Birchtree","length":15,"tagName":"p"},{"type":"text","content":"Birchtree is an investment company with the long-term goal of divesting its investment assets at a profit. For more information, please see Birchtree’s continuous disclosure documents available under the Company’s SEDAR+ profile at www.sedarplus.ca.","length":249,"tagName":"p"},{"type":"text","content":"For more information, please contact:","length":37,"tagName":"p"},{"type":"text","content":"Vitali SavitskiChief Executive OfficerBirchtree Investments Ltd.Tel: (416) 300-0625Email: [email protected]","length":127,"tagName":"p"},{"type":"text","content":"Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility ...