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SABIO HOLDINGS ANNOUNCES CLOSING OF CONVERTIBLE NOTE OFFERING
SABIO HOLDINGS ANNOUNCES CLOSING OF CONVERTIBLE NOTE OFFERING Canada NewsWire ...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n \n \n \n SABIO HOLDINGS ANNOUNCES CLOSING OF CONVERTIBLE NOTE OFFERING\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 \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 16, 2023\n \n \n /CNW/ - Sabio Holdings Inc. (TSXV: SBIO); (OTCQX: SABOF) (the \"\n \n Company\n \n \" or \"\n \n Sabio\n \n \") is pleased to announce that it has closed a non-brokered private placement financing of secured convertible notes (the \"\n \n Secured Notes\n \n \") and unsecured convertible notes (the \"\n \n Unsecured Notes\n \n \" and together with the Secured Notes, the \"\n \n Notes\n \n \") for aggregate gross proceeds of up to\n \n CAD$3,000,000\n \n (the \"\n \n Offering\n \n \"). The closing of the Offering was comprised of the issuance of Secured Notes in the aggregate principal amount of\n \n CAD$1,200,000\n \n and Unsecured Notes in the principal amount of CAD$537,850, for total gross proceeds of CAD$1,737,850 (the \"\n \n Closing\n \n \"). The Notes issued in connection with the Closing will mature on\n \n August 16, 2025\n \n (\"\n \n Maturity Date\n \n \").\n \n \n The Notes will be convertible in whole or in part, at the option of the holder, into common shares in the capital of the Company (\"\n \n Common Shares\n \n \") at a price of CAD$1.00 (\"\n \n Conversion Price\n \n \") per Common Share at any time before or on the Maturity Date. The Company reserved the Conversion Price through a price reservation form submitted on\n \n July 24, 2023\n \n to the TSX Venture Exchange (\"\n \n TSXV\n \n \").\n \n \n The Offering consists of an offering of Unsecured Notes and Secured Notes of Sabio. The Unsecured Notes bear interest at the rate of f...