Home > Boards > Canadian > Automotive and Transportation > Spectra Inc. (SSA)

Spectra repays $652,065 royalty debenture

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
JonnyRBuck12 Member Profile
 
Followed By 4
Posts 1,091
Boards Moderated 5
Alias Born 09/28/08
160x600 placeholder
JonnyRBuck12   Thursday, 07/04/19 02:56:46 PM
Re: None
Post # of 32 
Spectra repays $652,065 royalty debenture

2019-07-04 12:39 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. REPORTS REPAYMENT OF ROYALTY DEBENTURE

Spectra Inc. has noted the payout on June 28, 2019, of the royalty debenture in the amount of $652,065.

This royalty debenture was originally issued on Aug. 4, 2004, and was due to mature on Aug. 4, 2019.

The financing received on the recently completed private placement of 16.6 million common shares for a gross receipt of $830,000, allowed the repayment of the royalty debenture in full, extinguishing the debt.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe (a visual brake stroke indicating system), Brake Inspector (the company's electronic in-cab air brake diagnostic system) and the Termin-8R line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist