Chalice Brands Ltd (CHALF)

[BriarPatch]

not very impressive financing

"...Each Unit consists of one unsecured subordinated convertible debenture (each a “Debenture” and collectively, the “Debentures”) and 1,665 common share purchase warrants (the "Warrants") of the Company. Each Debenture accrues interest at a rate of 12.0% per annum until December 31, 2019 (the first interest payment date), after which such interest rate will decrease to 10.0% per annum and be payable semi-annually until maturity. Each Debenture is convertible into common shares of the Company (“Common Shares”) at a price of C$0.30 per Common Share (the “Conversion Price”), subject to adjustment in certain events. The Debentures mature on November 16, 2021. Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.40 per Common Share until November 16, 2020, subject to adjustment in certain events..."

"...Net proceeds from the Offering will be used primarily for working capital and general corporate purposes..."

http://marijuanaindex.com/industry-news-item/?newsId=6007770293691466

I still like them, not near as much as trtc. They are following the near exact tried and true business plan that trtc has been doing from the start. It's a good match.

Has anybody posted the share structure yet?
AS?
OS?
Float?