TSX VENTURE COMPANIES
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23/08/16 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
ENABLENCE TECHNOLOGIES INC. ("ENA")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: August 16, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on June 26, 2023:
Convertible Debenture $11,000,000 principal amount of convertible debenture, comprising of $4,400,000 principal amount of existing debt and additional new $7,600,000 principal amount of convertible debentures
Conversion Price: Convertible into 5,500,000 common shares at $2.00 of principal amount outstanding per share until maturity
Maturity date: June 30, 2027
Interest rate: 7.50% per annum
Number of Placees: 1 placee
Insider / Pro Group Participation:
Placees # of Placee (s) Convertible Debenture ($)
Aggregate Existing Insider Involvement: 1 $11,000,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $495,000 N/A N/A
The Company issued a news release on June 27, 2023, confirming closing of the private placement.
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