KATIPULT TECHNOLOGY CORP. ("FUND")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 4, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 12, 2021:
Convertible Debenture $3,000,000 principal amount of unsecured subordinated convertible debentures ("Debentures")
Conversion Price: Convertible into an aggregate of 13,043,478 common shares at a conversion price of $0.23 per common share until the Maturity Date (as defined below)
Maturity date: Five (5) years from the closing date
Warrants 12,000,000 share purchase warrants to purchase 12,000,000 shares
Warrant Exercise Price: $0.25 until the Maturity Date
Interest rate: 0% per annum
Number of Placees: 1 placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P Principal Amount of Debentures
Aggregate Pro Group Involvement P $3,000,000
[1 placee]
Finder's Fee: None
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated February 12, 2021, announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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