BULLETIN V2023-0360
YORKTON EQUITY GROUP INC. ("YEG")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: December 20, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 12, 2023 and November 27, 2023:
Convertible Debenture $2,736,000 in outstanding principal amount of unsecured convertible debentures.
Conversion Price: Convertible into 13,680,000 common shares at $0.20 per share
Maturity Date: 5 years from the date of issuance.
Interest rate: 8% per annum, paid annually.
Warrants: N/A
Warrant Price: N/A
Redemption Provision: The Company has the option, after 36 months from Closing, to redeem the principal amount and any unpaid interest of the unsecured convertible debenture in cash, without penalty, at any time prior to the date of Maturity, after 30 days notice has been provided to the Holder. The Holder, within 10 days after receipt of the Redemption Notice, has the option to request for the conversion (principal amount only) of the unsecured convertible debentures, with interest paid in cash.
Number of Placees: 13 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Principal of
Convertible Debentures ($)
Aggregate Existing Insider Involvement: 1 $2,033,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: N/A N/A N/A
The Company issued a news release on October 18, 2023 and December 19, 2023 confirming closing of the private placement.
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