“GGBXF recently raised $45 million through a private placement of 15% secured convertible debentures with a conversion price of $7 CAD.”
This is a loan from the Shottensteins and I hardly see how these are bad terms when the conversions price is over 300% than what the stock is trading at today. I believe when the deal was made the stock was trading around $3/share. If anything these term are extremely favorable.
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