Latest news with #Debenture
Mint
5 days ago
- Business
- Mint
Vedanta subsidiary Hindustan Zinc share price jumps after THIS fundraise update worth ₹5,000 crore
Stock Market Today: Vedanta subsidiary Hindustan Zinc share price gained during the intraday trade on Friday, June 6, following a fundraising move of ₹ 5,000 crore. Hindustan Zinc share price gained after Vedanta informed the stock exchanges — the National Stock Exchange of India (NSE) and the BSE — about the update on the fundraise. Vedanta told exchanges that certain undertakings have been provided by the company in relation to the equity shares of Hindustan Zinc Limited. As per the release, Vedanta said that it has has approved the issuance of unsecured, listed, rated, non-convertible, redeemable debentures. These debentures of up to ₹ 5,000 crore will have a face value of ₹ 1,00,000 each, on a private placement basis, in one or more series. Vedant Ltd also said that with regards to the Debenture issue, Axis Trustee Services Limited has been appointed as the Debenture Trustee and a Debenture Trust Deed, dated June 03, 2025, has been executed between the company and Axis Trustee Services Limited. Vedanta Ltd clarified that until full and final redemption of the Debentures, the company is required to directly remain the legal and beneficial owner of 50.1% of the share capital of Hindustan Zinc or HZL (on a fully diluted basis), and directly control Hindustan Zinc. The company is also restricted from creating any security over or disposing of 50.1% of the entire issued share capital or voting rights in Hindustan Zinc Ltd. Hindustan Zinc share price opened at ₹ 501.95 on the BSE on Friday. At the time of opening, Hindustan Zinc's share price was up 2% compared to the previous day's closing price of ₹ 492.10. The Vedanta subsidiary thereafter gained further to intraday highs of ₹ 510.75, and this meant intraday gains of around 3.8% for the Hindustan Zinc share price.
Yahoo
21-05-2025
- Business
- Yahoo
Deveron Announces Extension of Maturity Date of Outstanding Debentures
Toronto, Ontario--(Newsfile Corp. - May 21, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company") announces that it has extend the maturity date of principal amount $10,015,000 7% unsecured convertible debentures (each a "Debenture") issued as part of a private placement initially announced on May 18, 2022. The maturity date, initially set for May 18, 2025, has been extended to August 16, 2025 (the "Amendment"). All other provisions of the Debentures will remain unchanged and fully in effect during the extension period. Insiders of the Company are the beneficial owners an aggregate principal amount of $40,000 of Debentures. The insiders are considered a "related party" of the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of Debentures held by insiders does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the Amendment, which the Company deems reasonable in the circumstances in order to complete the Amendment in an expeditious manner. The Amendment remains subject to the TSX Venture Acceptance, however, the Amendment is effective as of May 21, 2025. About Deveron: Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. For more information and to join our community, please visit David MacMillanPresident & CEOdmacmillan@ 647-963-2429 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding future plans and objectives of the Company are forward looking statements that involve various degrees of risk. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world-wide price of agricultural commodities, general market conditions, risks inherent in agriculture, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at The Company undertakes no obligation to update this forward-looking information except as required by applicable law. The Company relies on litigation protection for forward-looking statements. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
DIAGNOS Announces Amendment to Convertible Debentures
BROSSARD, Quebec, May 20, 2025 (GLOBE NEWSWIRE) -- Diagnos Inc. ('DIAGNOS' or the 'Corporation') (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of critical health issues using advanced technology based on Artificial Intelligence (AI), announces that it intends to extend the maturity date for $300,000 unsecured convertible debentures (each a 'Debenture') issued as part of a private placement of units initially announced on May 18, 2023. The maturity date, initially set for May 18, 2025, is being extended to May 18, 2026 (the 'Amendment'). All other provisions of the Debentures will remain unchanged and fully in effect during the extension period. One insider of the Corporation is the beneficial owner of two (2) Debentures for an aggregate nominal value of $100,000. Assuming the (i) conversion of the Debentures and (ii) exercise of all outstanding securities, the insider would own 3,446,056 common shares of the Corporation representing 3.35% of the total issued common shares, on a partially diluted basis. The insider is considered a 'related party' of the Corporation within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Amendment is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101, based on sections 5.5(a) and 5.7(1)(a), as the fair market value of the related party participation in the amendment to convertible debentures does not exceed 25% of the Corporation's current market capitalization. The board of directors of the Corporation has reviewed and approved the Amendment to ensure that it was in the best interest of DIAGNOS and its shareholders. The Amendment remains subject to the TSX Venture Exchange acceptance as well as execution of formal documentation. All monies quoted in this press release shall be stated and paid in lawful money of Canada. About DIAGNOSDIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale. Additional information is available at and This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information, please contact: Mr. André Larente, President DIAGNOS Inc. Tel: 450-678-8882 ext. 224 alarente@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ottawa Citizen
14-05-2025
- Business
- Ottawa Citizen
Alaris Equity Partners Announces Upsizing of Previously Announced Convertible Unsecured Senior Debentures
Article content Article content CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (' Alaris ' or the ' Trust ') (TSX: is pleased to announce that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc., CIBC Capital Markets, and Desjardins Capital Markets to increase the size of its previously announced bought deal financing. Alaris will now issue 80,000 convertible unsecured senior debentures due June 30, 2030 (the ' Debentures ') at a price of $1,000 per Debenture (the ' Offering ') for aggregate gross proceeds of $80,000,000 (the ' Offering '). The Trust has also granted the Underwriters an option to purchase up to an additional $12,000,000 aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the Offering. Unless otherwise stated, all numbers in this press release are presented in Canadian dollars. Article content Article content In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated May 13, 2025. The Offering is expected to close on or about June 2, 2025 (the ' Closing Date '), and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange. A preliminary short form prospectus will be filed with securities regulatory authorities in all provinces of Canada, other than the province of Québec. Article content This news release is not an offer of securities of Alaris for sale in the United States. The Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Debentures may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Article content Article content The Trust, through its subsidiaries, invests in a diversified group of private businesses (' Partners ') primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Partners. Article content This news release contains forward-looking statements, including forward-looking statements within the meaning of 'safe harbor' provisions under applicable securities laws (' forward-looking statements '). Statements other than statements of historical fact contained in this news release may be forward-looking statements including, without limitation, management's expectations, intentions and beliefs concerning: the anticipated Closing Date; the intended use of proceeds of the Offering; the anticipated terms and timing of conversion, redemption and maturity of the Debentures; expectations regarding the filing of a preliminary prospectus and the anticipated jurisdictions for the Offering. Many of these statements can be identified by words such as 'believe', 'expects', 'will', 'intends', 'projects', 'anticipates', 'estimates', 'continues' or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations on which these forward-looking statements are based will occur.
Yahoo
01-05-2025
- Business
- Yahoo
Vertiqal Studios Closes Private Placement of Convertible Debentures, Co-Led by Globacor and Carriage House Wealth, PJ Bujouves to Join Board
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (OTC Pink: VERTF) (FSE: 9PY0) (the "Company" or "Vertiqal Studios") - Vertiqal Studios, one of North America's largest owners of gaming and lifestyle social media channels, is pleased to announce the closing of a non-brokered private placement co-led by Globacor Capital Inc. ("Globacor") and Carriage House Wealth on behalf of The Aune Foundation ("TAF") and through the issuance of unsecured convertible debentures (each, a "Debenture") at a price of $1,000 per Debenture for aggregate gross proceeds of $1,550,000 (the "Offering"). Each of Globacor and TAF subscribed for $750,000 principal amount of Debentures. The Company intends to use the net proceeds from the Offering for general working capital purposes. The issuance of the Debentures pursuant to the Offering was (and, if applicable, the underlying common shares of the Company ("Common Shares") upon conversion of the Debentures shall be) completed on a private placement and prospectus exempt basis, as applicable, such that the issuances are (or in the case of any underlying Common Shares, shall be) exempt from any applicable prospectus and securities registration requirements. The Debentures will mature on May 1, 2027 (the "Maturity Date") and will bear interest at an interest rate of fifteen percent (15%) per annum, payable on the Maturity Date in arrears. At any time from and including the date that is six months prior to the Maturity Date and up to the close of business on the last business day immediately preceding the Maturity Date, holders of Debentures have the right, at the holder's option, to convert into Common Shares all or a portion of: (A) the principal amount outstanding under the Debentures at $0.025 per Common Share (the "Conversion Price"); or (B) the accrued but unpaid interest under the Debentures at the greater of: (i) the Conversion Price; or (ii) the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange for the five business days preceding the date of conversion, less applicable discounts in accordance with the policies of the Exchange, subject to adjustments. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The Aune Foundation, an insider of the Company (the "Insider"), was issued $750,000 principal amount of Debentures in the Offering, which participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Debentures acquired by the Insider, nor the consideration for the Debentures paid by the Insider, exceed 25% of the Company's market capitalization. The Company did not file a material change report relating to the Offering less than 21 days before completion of the Offering, as it was not possible to do so in order to complete the Offering in an expeditious manner. In addition, Vertiqal Studios would like to announce the appointment of PJ Bujouves to its Board of Directors. A Notre Dame Business School graduate and former Division I athlete, PJ pairs sharp business analysis skills with an insider's understanding of the industry. His drive for operational excellence and fresh perspective will be a powerful asset as Vertiqal Studios enters its next phase of growth. About Vertiqal Studios Vertiqal Studios, owners of North America's largest gaming and lifestyle network on social media, is a digital strategy, creative, and distribution holding company. The Company specializes in the creation and distribution of viral videos for brands and advertisers to create always-on digital strategies that live authentically in Gen Z and Millennial culture. Vertiqal Studios partners with leading brands to develop strategic solutions, creative ideation, and content production, while also providing distribution and amplification through its owned & operated channels - all delivered with boutique, white-glove service. Its expertise lies in managing over 130 channels across TikTok, Instagram, and Snapchat, while producing over 100+ pieces of content a day for a growing audience of 52 million-plus followers. By having such robust ownership of culture and communities on social, Vertiqal Studios provides innovative advertising solutions for brands such as RBC, Samsung, White Castle, Coca-Cola, ESPN, Chili's, and more. For more information and to join our email subscriber list for direct press releases and newsletters, visit For media inquiries, please contact: Jon DwyerChairman and Chief Executive Officer+1 (416) 627-8868;Email: jon@ Investor Relations Email: ir@ Forward-Looking Information This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. To view the source version of this press release, please visit Sign in to access your portfolio
