ELEMENT LIFESTYLE RETIREMENT INC. ("ELM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s, Amendment
BULLETIN DATE: December 23, 2022
TSX Venture Tier 2 Company
Further to a convertible debenture issued pursuant to a private placement originally accepted by the TSX Venture Exchange (the "Exchange") effective September 5, 2017, the Exchange has consented to a replacement of the Original Convertible Debenture (the "Replacement Convertible Debenture"):
Original Convertible Debenture: $2,510,000
Replacement
Convertible Debenture: $2,259,000
Original Convertible Debenture
Conversion Price: Convertible into shares consisting of 8,366,666 common shares at $0.30 per share of the principal outstanding
Replacement Convertible
Debenture Conversion Price: Convertible into shares consisting of 7,530,000 common shares at $0.30 per share of the principal outstanding
Original Convertible Debenture
Maturity Date: August 29, 2022
Replacement Convertible
Debenture Maturity Date: August 29, 2025
All other details of the Replacement Convertible Debenture remain unchanged from the Original Convertible Debenture.
For further information, please refer to the Company's press release dated August 19, 2022.
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