Followers | 20 |
Posts | 7168 |
Boards Moderated | 0 |
Alias Born | 03/02/2013 |
Thursday, September 01, 2016 2:46:18 PM
TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Braydon Capital Corporation ("Braydon") announces that it has entered into a debt conversion agreement with Kerr Mines Inc. ("Kerr Mines") pursuant to which Braydon has agreed to acquire 18,500,000 common shares of Kerr Mines (the "Conversion Shares") in settlement of $1,500,000 of the outstanding principal amount of a secured promissory note previously issued by Kerr Mines to Braydon. The issuance of the Conversion Shares is subject to, among other things, the approval of Kerr Mines' disinterested shareholders and the final approval of the Toronto Stock Exchange.
Taking into account certain additional common shares which are proposed to be issued prior to or concurrently with the issuance of the Conversion Shares as announced by Kerr Mines, the Conversion Shares will represent approximately 9.7% of the 190,968,865 issued and outstanding common shares immediately upon the issuance thereof.
Braydon currently owns 3,704,460 common shares and 2,133,333 warrants to purchase additional common shares. Certain joint actors of Braydon (collectively with Braydon, the "Braydon Group") collectively own an additional 2,679,639 common shares and 833,334 warrants (collectively with the warrants held by Braydon, the "Braydon Group Warrants") to purchase additional common shares.
http://www.marketwired.com/press-release/braydon-capital-to-acquire-additional-common-shares-of-kerr-mines-2153749.htm
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM