Reiners schrieb 26.07.23, 17:33
FenixOro Gold Corp. Announces Private Placement of Convertible Debentures for Gross Proceeds of up to $550,000
July 26, 2023, TORONTO, CANADA – FenixOro Gold Corp. (“FenixOro” or the “Company”) (CSE: FENX, OTCQB: FDVXF, FSE: 8FD), announces today its intention to complete a non-brokered private placement of up up to 550 convertible debenture units of the Company (the "Debenture Units") at a price of C$1,000 per Debenture Unit, for aggregate gross proceeds of up to C$550,000 (the "Offering").
Each Debenture Unit will be comprised of: (i) one C$1,000 principal amount unsecured convertible debenture of the Company (a " Debenture"); and (ii) 10,526 share purchase warrants of the Company (each, a "Warrant"). The outstanding principal amount of each Debenture shall be convertible at the option of the holder, at any time prior to maturity, into common shares of the Company (the "Common Shares") at a conversion price of C$0.095 per Common Share. Each Warrant shall be exercisable to acquire one Common Share at an exercise price of C$0.14 for a period of 36 months from the closing date of the Offering (the "Closing Date"). The Debentures will mature 36 months from the Closing Date, can be repaid at the option of the Company on 6 months’ notice, and will bear interest at a rate of 10% per annum, payable on the earlier of conversion, repayment, or maturity.
The Company intends to use the proceeds raised from the Offering for payment of general working capital and exploration expenses. The Offering may close in tranches.
The Offering is expected to close on or around August 1, 2023. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange (“CSE”).
The Company also announces that it has granted 700,000 stock options to certain arms-length Consultants. The stock options are exercisable at a price of .08 cents per share and expire five years from the date of grant.
mitdiskutieren »