Business
Pathfinder Strengthens Balance Sheet with Private Placement Financing, Proposed Extension of Convertible Debentures and Debt Settlement
Pathfinder Strengthens Balance Sheet with Private Placement Financing, Proposed Extension of Conv...
About this update from Pathfinder Ventures Inc
[{"type":"text","content":"\n \n \n \n Pathfinder Strengthens Balance Sheet with Private Placement Financing, Proposed Extension of Convertible Debentures and Debt Settlement\n \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 \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION OR DISSEMINATION TO\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 25, 2023\n \n \n /CNW/ -\n \n Pathfinder Ventures Inc.\n \n (TSXV: RV) (the \"Company\" or \"Pathfinder.\") announces that it intends to complete a non-brokered private placement (the \"\n \n Private Placement\n \n \") of up to 12,500,000 units (the \"\n \n Units\n \n \") at a price of\n \n $0.04\n \n per Unit to raise total gross proceeds of up to\n \n $500,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share (a \"\n \n Share\n \n \") and one-half of a share purchase warrant, with each full warrant exercisable to acquire one Share at a price of\n \n $0.08\n \n for a period of eighteen months from closing (the \"\n \n Closing date\n \n \"). If, after the date that is four months and one day after the Closing date, the Shares trade or close on the TSX Venture Exchange (the \"\n \n Exchange\n \n \"), or such other exchange or market on which the Shares may become traded, at\n \n $0.15\n \n or more for ten consecutive trading days, the Company may accelerate the expiry of the warrants by giving notice via news release and thereafter the warrants will automatically expire at\n \n 4:00 p.m. (Pacific time)\n \n on the 30th day after such news release.\n \n \n Finder's fees may be payable in accordance with the policies of the Exchange. The Company intends to use the net proceeds of the Private Placement for general working capital, to support the development of its Agassiz Campground expansion and to advance acquisition opportunities within its pipeline, consisting of RV resorts and RV & self-storage opportunities.\n \n \n \n \n Extension of Convertible Debentures\n \n \n \n \n Pathfinder has been in discussion with its debenture holders and is p...