BULLETIN V2024-0730
BANXA HOLDINGS INC. ("BNXA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: March 7, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on October 10, 2023:
Convertible Debenture: $5,694,024
Conversion Price: Convertible into 7,117,530 common shares of the Company at $0.80 per share of principal outstanding
Maturity date: 36 months from the date of issuance
Warrants: 2,847,010 share purchase warrants to purchase 2,847,010 shares
Warrant Exercise Price: $1.00 per share for a period of 36 months from the date of issuance
Interest rate: 10% per annum.
Number of Placees: 9 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 2 625,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Options/Warrants
Finder's Fee: $ 57,000 USD N/A 38,993
The Company issued a news release on December 8, 2023, confirming closing of the private placement. 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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