BULLETIN V2024-0107
BEMETALS CORP. ("BMET")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 10, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 9, 2024:
Convertible Debenture $2,000,000
Conversion Price: Convertible into shares consisting of up to 8,000,000 common shares at $0.25 per share of principal outstanding at any time prior to maturity.
Maturity date: January 8, 2029
Interest rate: 7.0% per annum. Accrued interest is convertible into shares of the Company at maturity, subject to TSXV Exchange approval, at the greater of: a) $0.25 and b) Market Price at the time of conversion.
Number of Placees: 1 placee
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 Up to 8,000,000
Aggregate Pro Group Involvement: N/A N/A
Finder's Fee: N/A
The Company issued a news release on January 9, 2024, confirming closing of the private placement.
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