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DR. PHONE FIX ANNOUNCES NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING
DR. PHONE FIX ANNOUNCES NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING Canada NewsWire...
About this update from Dr. Phone Fix Canada Corporation
[{"type":"text","content":"\n\n\nDR. PHONE FIX ANNOUNCES NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/EDMONTON, AB, May 19, 2026 /CNW/ -- Dr. Phone Fix Canada Corporation (\"Dr. Phone Fix\" or the \"Company\") (TSXV: DPF) is pleased to announce a non-brokered private placement of convertible debenture units (the \"Offering\") for aggregate gross proceeds of up to $2,500,000. Each convertible debenture unit (each, a \"Unit\") is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a \"Convertible Debenture\") and (ii) 3,125 common share purchase warrants of the Company (each, a \"Warrant\"), representing 50% warrant coverage based on the number of common shares issuable upon conversion of the Convertible Debenture. The Convertible Debentures shall bear interest at a rate of 10% per annum from the closing date of the Offering (the \"Closing Date\"), payable annually.\n\n\n\n\n\n\n\nThe outstanding principal amount of each Convertible Debenture shall be convertible at the option of the holder thereof, at any time on and after the Closing Date and prior to the date that is 24 months from the date of issuance of such Convertible Debenture (the \"Maturity Date\"), into common shares of the Company (\"Common Shares\") at a conversion price per Common Share equal to $0.16 (the \"Conversion Price\"). Each Warrant shall be exercisable by the holder to acquire one Common Share at an exercise price of $0.22 any time on or after the Closing Date until the date that is 24 months from the date of issuance of such Warrant. Beginning on the date that is four (4) months and one (1) day following the Closing Date, if the closing price of the Common Shares on the TSX Venture Exchange (the \"TSXV\") has been at or above $0.40 for ten (10) consecutive trading days, the Company has the right but not an obligation to accelerate the expiration date of the Warrants to a ...