debt
confidence high
sentiment negative
materiality 0.55
Yerbaé proposes to extend maturity of $3.8M convertible debentures and amend change-of-control redemption
YERBAE BRANDS CORP.
- US$3,802,000 in 6% unsecured convertible debentures originally due April 30, 2025, to be extended.
- Conversion price remains US$1.40 per share; interest payable in common shares.
- Change-of-control redemption period extended from 30 to 90 days after notice.
- Amendments require TSXV approval and removal of certain debentures from CDS.
- Company secured required holder approval (66-2/3%) but some votes depend on CDS removal.
item 7.01