Grown Rogue Secures $5M Via Convertible Debenture Financing
Grown Rogue Secures $5M Via Convertible Debenture Financing
Grown Rogue International Inc. (OTCPK:GRUSF) (CSE:GRIN) has closed the first tranche of a non-brokered private placement of unsecured convertible debentures with an aggregate principal amount of $5 million. Additionally, on closing, the company issued to the subscribers under the offering an aggregate of 13.7 million common share purchase warrants representing one-half of one warrant for each CA$0.24 of principal amount subscribed. The company may, at its option, increase the offering by an additional $1 million for gross proceeds of up to $6 million.
Grown Rogue国际公司(OTCPK：GRUSF)(CSE：GRIN)有完成了第一批非经纪私募无担保的可转换债券本金总额为500万美元。此外，在交易完成时，该公司根据发售向认购人发行总计1,370万份普通股认购权证，相当于每认购0.24加元本金认购一份认股权证的0.5加元。该公司可以选择将发行量再增加100万美元，总收益最高可达600万美元。
The debentures will mature four years from the date of issue, bear interest at a rate equal to 9% per annum, payable in United States currency on the last business day of the month following the end of each calendar quarter and are convertible as set forth below into common shares of the company.
债券将在发行之日起四年到期，年利率为9%，在每个日历季度结束后的下一个月的最后一个营业日以美元支付，并可按以下规定转换为公司的普通股。
Debentureholders will be entitled, at their option, to convert, at any time on or prior to the maturity date, the outstanding principal amount and accrued interest into shares at a price per share equal to CA$0.24. The company may elect to prepay the principal amount together with any interest thereon prior to the maturity date upon providing 30 days' notice to the debentureholder.
债券持有人将有权在到期日或到期日之前的任何时间，以每股0.24加元的价格将未偿还本金和应计利息转换为股票。公司在向债券持有人发出30日通知后，可以选择在到期日之前预付本金及其利息。
Each warrant will be exercisable into one share at an exercise price of CA$0.28 for a period of three years from the date of issue and are subject to an acceleration clause that in the event that the shares close at or above CA$0.40 per share on the Canadian Securities Exchange for ten consecutive trading days, the warrant expiry date shall accelerate to 90 days following notice of the acceleration event.
每份认股权证将在发行之日起三年内以0.28加元的行使价行使为一股，并受加速条款的约束，该条款规定，如果股票在加拿大证券交易所连续十个交易日收于每股0.40加元或以上，认股权证的到期日应在接到加速事件通知后加速至90天。
The proceeds of the offering will be used for the expansion of the company's business and for general corporate purposes.
是次发行所得款项将用于公司业务扩展及一般企业用途。
Benzinga Cannabis Capital Conference
本辛加大麻首都会议
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是达成交易的地方，将于今年9月27日至28日返回芝加哥举行第17届。在价格上涨之前今天就买到票，并在大麻投资和品牌推广的中心获得一席之地。
Photo by Giorgio Trovato on Unsplash
Giorgio Trovato在Unspash上的照片
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译文内容由第三方软件翻译。