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Erin Ventures to Issue Common Shares in Satisfaction of Interest Payment to Convertible Debenture Holders
VICTORIA, BC / ACCESSWIRE / November 29, 2019 / Erin Ventures Inc. ("Erin") [TSXV:EV] announ...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures to Issue Common Shares in Satisfaction of Interest Payment to Convertible Debenture HoldersVICTORIA, BC / ACCESSWIRE / November 29, 2019 / Erin Ventures Inc. (\"Erin\") [TSXV:EV] announces that pursuant to the 12% interest bearing convertible debentures issued on April 10, 2015, July 14, 2015, November 3, 2015 and November 2, 2016 by way of private placement, for an aggregate principal amount of $1,967,700 (collectively, the \"Debentures\") and pursuant to the amendment to the outstanding Debentures announced on May 28, 2018, Erin will issue a total of 166,061 common shares, priced according to the terms of the Debentures, at $0.10 per common share and pay an aggregate amount equal to $3,910.70 in cash in satisfaction of the aggregate interest payments owed by Erin of $20,516.05 to the outstanding Debenture holders.The common shares issued will be subject to a four month hold period. The proposed shares for debt settlement is subject to the approval of the TSX Venture Exchange.On behalf of the Board of Directors,Blake Fallis, General ManagerAbout Erin Ventures Inc.Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol \"EV\" and the OTCQB Venture Market under the symbol \"ERVFF\". For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.Erin's 100% owned Piskanja project is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes (30.8% B2O3), in addition to 6.2 million inferred tonnes (28.8% B2O3).For further information, please contact: Erin's Public Quotations Erin Ventures Inc.Blake Fallis, General ManagerPhone: 1-250-384-1999 or [email protected] CanadaTSX Venture: EVEuropeBerlin: EKVUSAOTCQB: ERVFFNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward Looking Statements:This press release may contain or refer to forward-looking information under Canadian securities legislation, including statements regarding the timing of future mineral ...