ORGANIGRAM HOLDINGS INC. ("OGI")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: September 21, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced July 30, 2015:
Convertible Debenture $1,000,000
Conversion Price: Convertible into shares at the greater of (i) $0.10 per share; and (ii) the price to be determined by dividing the amount of the principal sum and/or interest being converted by the price that Listed Shares are issued pursuant to a Qualified Financing, if any, which occurs prior to December 31, 2015, where a "Qualified Financing" means the first issuance of equity securities following the closing date that raises not less than $50,000.
Maturity date: September 1, 2017
Warrants 200,000 warrants exercisable at the price of $0.45 per share. Warrants may not be exercised before 12 months following the closing date,
Interest rate: 9% per annum
Number of Placees: 2 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Amount
Denaco Group Ltd. (Denis Arsenault) Y $500,000
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