Debenture financing

October 20, 1:

Debenture financing

Each Convertible Debenture has a term of 5 years, bears an interest rate of 8. The company has the right to buy back the convertible portion at any time and the subscriber keeps the warrant.

The funds raised in the financing will be used to advance the CuMo Project by producing an updated resource calculation, additional metallurgical studies, an improved economic analysis, and continue the environmental base line work and for general working capital purposes.

Through part of August and September, the U. Forest Service hosted informational open houses to present the proposed Supplemental Environmental Assessment SEA and to allow the public to comment on the report. Forest Service has completed the public comment period regarding the SEA and is reviewing the submitted comments.

USFS will address any substantive issues raised before releasing the final report. All ground disturbance work on the Project has been suspended since the August decision rendered by Federal District Court Judge Edward Lodge which directed USFS to perform additional environmental evaluation on groundwater issues within the area under review.

The Company believes the SEA should be approved and exploration activities resumed.

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About CuMoCo CuMoCo is focused on advancing its CuMo Project towards feasibility and establishing itself as one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver.Debenture stock: read the definition of Debenture stock and 8,+ other financial and investing terms in the Financial Glossary.

Raising Money Using Convertible Debt There's debt financing, there's equity financing, and then there's convertible debt.

Find out why this third option can work well for startups. What Is an SBA Loan Debenture? Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense.

For the sake of viewer convenience, the content is shown below in . Subject to approval from the TSX Venture Exchange it is increasing the Debenture financing from Units to Units, for gross proceeds of US$1,, The Debentures shall bear interest at a. The Debentures will bear interest at a rate of 10% per annum payable monthly.

The Debentures will mature two years from the date of issuance and will be convertible into common shares of the Company (the "Shares") at $ per Share if converted within 12 months from the date of issuance of the Debenture, and $ if converted after 12 months from the date of issuance of the Debenture.

A debenture is a debt instrument used for supplementing capital for the company.

Debenture financing

It is an agreement between the debenture holder and issuing company, showing the amount owed by the company towards the debenture holders.

Debenture - Wikipedia