Business
Fort Technology Inc. Announces Convertible Debenture Financing
(TheNewswire) August 5, 2025 – TheNewswire - Vancouver, British ...
About this update from Fort Technology Inc.
[{"type":"text","content":"Fort Technology Inc. Announces Convertible Debenture Financing\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n August 5, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Vancouver, British Columbia\n \n\n – Fort Technology Inc. (TSXV:FORT) (the “\n \n\n Company\n \n\n ”) is\npleased to announce a non-brokered private placement of convertible\ndebentures (the “\n \n\n Convertible\nDebentures\n \n\n ”) for proceeds of up to\n$\n \n\n 5,000,000\n \n\n (the\n“\n \n\n Private\nPlacement\n \n\n ”)\n \n\n . The\nConvertible Debentures will mature on the date that is 2 years from\nthe date of issuance (the “\n \n\n Maturity Date\n \n\n ”) and bear interest at\n \n\n 10\n \n\n % per annum, payable\nquarterly with the first payment being for the period from closing to\nSeptember 30, 2025. At the option of the holder, the principal amount\nof the Convertible Debentures is convertible into units of the Company\n(“\n \n\n Units\n \n\n ”) at any time from the date of issuance until the Maturity\nDate at a price equal to $0.185 per Unit. Each Unit is comprised of\none common shares of the Company (“\n \n\n Common Share\n \n\n ”) and\none common share purchase warrant of the Company (“\n \n\n Warrants\n \n\n ”). Each\nWarrant will entitle the holder thereof to acquire one additional\nCommon Share (“\n \n\n Warrant\nShare\n \n\n ”) at an exercise price of $0.185 per\nWarrant Share for five years after the date of issuance of the\nConvertible Debentures.\n \n\n\n\n The Company may engage one or more agents or finders in\nconnection with the Private Placement and may pay such parties fees as\nmay be agreed between the Company and such parties, which is expected\nto be comprised of (i) cash fees of up to 8.0% of the aggregate\nproceeds raised from the Convertible Debentures sold to investors\nintroduced by such finders, and (ii) Common Shares equal to up to\n12.5% of the aggregate proceeds raised from the Convertible Debentures\nsold to investors introduced by such finders divided by the market\nprice of the Common Shares on the date of the announcement announcing\nthe Private Placement, being $0.185 per Common Share, for a maximum\nnumber of Common Shares issuable to such finders equal to 3,378,378\nCommon Shares.\n \n\n\n\n The ...