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Rubicon Organics to Hold Annual General and Special Meeting; Secures Loan and Grants Stock Options
Rubicon Organics to Hold Annual General and Special Meeting; Secures Loan and Grants Stock...
About this update from Rubicon Organics, Inc.
[{"type":"text","content":"\n\n\n\nRubicon Organics to Hold Annual General and Special Meeting; Secures Loan and Grants Stock Options\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 14, 2019\n\n\n\nVANCOUVER, July 14, 2019 /CNW/ - Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (\"Rubicon Organics\" or the \"Company\") will hold its annual general and special meeting (the \"Meeting\") of shareholders at the Terminal City Club, Walker Room, on August 2, 2019 at 10:00 am PT, for the following purposes:\nto receive the audited financial statements of the Company for the financial year ended December 31, 2018, together with the report of the Company's auditors thereon; to set the number of directors at five (5);       to elect directors of the Company for the ensuing year; to appoint Deloitte LLP as the Company's auditors for the ensuing year and to authorize the directors to fix the auditor's remuneration; to approve the Company's Deferred Share Unit Plan as set out in Schedule \"A\" of the Company's management information circular for the Meeting; and to transact such other business as may properly come before the Meeting or any adjournment thereof.\n \n \n\n \nThe record date for the annual general meeting is June 28, 2019. The notice of meeting, accompanying management proxy circular and related meeting materials are now available under the company's profile on SEDAR.\nLoan Agreement \nThe Company has entered into a term loan agreement (the \"Loan\") pursuant to which it has borrowed $500,010 from certain lenders (the \"Lenders\"). The Loan is for a term of 24 months and bears interest at a rate of 12% per annum. In connection with the Loan, the Company issued the Lenders a total of 100,002 common share purchase warrants (\"Warrants\"). Each Warrant entitles the Lender to acquire one common share of the Company (a \"Common Share\") at an exercise price of $4.50 per Common Share and expire on July 12, 2022. The Loan will be used to facilitate operations at the Company's flagship Delta Facility and for working capital and other gen...