LOOPSHARE LTD. ("LOOP")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 22, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue a CDN$257,595 unsecured convertible debenture and 334,538 detachable share purchase warrants to settle outstanding debt for CDN$257,595.
Convertible Debenture: CDN$257,595
Conversion Price: Convertible into common shares at $0.385 of principal amount outstanding until maturity.
Maturity Date: Three years from issuance
Warrants 334,538 share purchase warrants. Each warrant will have a term of three years from the date of issuance of the debentures and entitle the holder to purchase one common share at $0.385.
Interest Rate: 10% per annum
Number of Placees: 1 Placee
For further details, please refer to Exchange bulletins dated August 14, 2019, October 2, 2019 and the Company's news releases dated July 24, 2019, September 25, 2019 and January 17, 2020.