BULLETIN V2024-0684
UCORE RARE METALS INC. ("UCU")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: March 4, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,500,000 non-transferable bonus warrants to a non-arm's length creditor, in consideration of an amendment to a USD$2,000,000 secured line of credit agreement dated December 22, 2023 ("Amended Agreement"), as first amended December 18, 2022 and originally dated July 20, 2022. The amendments to the Amended Agreement provide for the extension of the Maturity Date to January 31, 2026. The interest rate remains at 9%. The warrants have an exercise price of $0.89 per share with an expiry date of January 31, 2026.
For additional details, please refer to the Company's news release dated July 21, 2022, December 19, 2022 and December 22, 2023.
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