SERNOVA CORP. ("SVA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 25, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 8, 2020:
Convertible Debenture $1,000,000
Conversion Price: Convertible into 4,000,000 units, with each unit consisting of 1 common share and 0.75 common share purchase warrant.
Maturity date: December 8, 2022
Warrants Each full warrant will expire December 8, 2022 and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.20.
Interest rate: 8% per annum
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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