Lion Copper Restructures Convertible Debentures
Lion Copper Corp. has agreed to restructure US$2.7 million of secured convertible debentures bearing 12% interest, extending maturity from November 6, 2026 to May 6, 2027. As consideration, holders receive 518,135 warrants exercisable at US$4.17 per share until November 6, 2031; interest remains payable in cash or shares at the company's discretion.
Key figures
- Deal Value Usd
- 2700000
- Interest rate
- 12% per annum
- Warrant expiry
- November 6, 2031
- Warrants issued
- 518135
- Original maturity
- November 6, 2026
- Conversion price usd
- 2.6055
- Restructured maturity
- May 6, 2027
- Warrant exercise price usd
- 4.17
AI analysis
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