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Eguana Announces $3 Million Private Placement
Eguana Announces $3 Million Private Placement Canada NewsWire CALGARY, May 29, 2...
About this update from Eguana Technologies Inc
[{"type":"text","content":"\n\n\n\nEguana Announces $3 Million Private Placement\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 29, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n CALGARY, May 29, 2019 /CNW/ - Eguana Technologies Inc. (\"Eguana\" or the \"Company\") (TSXV: EGT) (OTCQB:EGTYF) is pleased to announce that it has entered into an agreement with Bayfront Capital Partners Ltd. (\"Bayfront\" or the \"Lead Agent\"), to act as sole book-runner and lead agent on behalf of a syndicate of dealers to be named (the \"Agents\"), pursuant to which the Agents have agreed to offer for sale, on a reasonable commercial efforts basis, up to 3,000 unsecured convertible debentures (the \"Debentures\") of Eguana at a price of $1,000 per Debenture for aggregate gross proceeds of up to $3 million (the \"Debenture Financing\"). \n\n \n \n\n \nThe Debentures will mature and be repayable on the date that is three (3) years (the \"Maturity Date\") from the closing date of the Debenture Financing (the \"Closing Date\"). The Debentures will have a coupon of 10% per annum payable in cash and compounded semi-annually and payable semi-annually or on such earlier date on which the Debentures are converted pursuant to their terms. The Debentures will be repaid in cash on the Maturity Date, subject to earlier conversion as described below. The Debentures will be issued pursuant to debenture certificates issued to each holder to be dated as of the Closing Date. \nAt any time prior to the Maturity Date, each holder of Debentures will be entitled to convert the principal amount of Debentures into units (each a \"Unit\" and together, the \"Units\") of the Company at a price of $0.15 per Unit (the \"Conversion Price\"). For greater certainty, each $1,000 principal amount of Debentures would convert into 6,666.67 Units. Each Unit shall consist of one common share in the capital of the Company (each a \"Common Share\" and together, the \"Common Shares\") and one-half of one common share purchase warr...