The Company will grant an option to require the Company to sell, at the sole discretion of the Lead Agent, up to an additional 600 Convertible Debentures
at the Issue Price (the Agents Option) (up from the 450 Convertible Debentures
previously announced on December 13, 2017) and otherwise on the same terms and conditions, exercisable in whole or in part upon providing written notice to the Company not less than forty-eight (48) hours prior to the closing date for the Offering (the Closing Date).
the "Company") issued a press release announcing that it had entered into an agreement with Cornell wherein terms were defined for the full redemption of the 7% secured convertible debentures
issued on March 10, 2006 and the 7% secured convertible debentures
issued on March 14, 2006, and for the concurrent cancellation of certain warrants to purchase 16,250,000 shares of the Company's common stock.
The Company made its November convertible debenture
monthly payment of principal and interest in cash and plans to make its December payment in cash.
Dodge also said that, in connection with the $5 million secured convertible debenture
, NeoMedia and Cornell entered into a Pledge and Security Agreement, pursuant to which NeoMedia pledged all of its assets as security for the convertible debenture
OTCBB:EPCG) announced today it entered into a securities purchase agreement for the sale of $635,000 in 3-year, 6% convertible debentures
to its current primary lender.
RAB has also agreed that the company shall have an option to repay on February 23, 2009 the USD772,200 of accrued interest on RAB's convertible debentures
in either common shares of the company or cash.
4% of the votes and the share capital after conversion of all convertible debentures
issued by Song, the company added.
Whether the Convertible Debentures
will be convertible at any time after September 30, 2011 will depend on whether any of the conversion conditions specified in the Indenture are satisfied, including whether the price of Invacare's common shares exceeds the conversion threshold price for the requisite number of trading days during subsequent quarters.
Based on the preliminary count by the depositary, approximately $77,729,000 aggregate principal amount of convertible debentures
were properly tendered and not withdrawn in the tender offer.
7% of the currently outstanding principal amount of the convertible debentures
Apollo Gold will have the option to force conversion of the convertible debentures
under the following circumstances: (1) at any time after September 24, 2007 and prior to the maturity date if the 20-day weighted average trading price of Apollo Gold's common shares equals or exceeds U.
As part of the financial restructuring, the Company issued $5,063,291 of Original Issue Discount Secured Convertible Debentures
due July 2009 in order to provide additional working capital and to facilitate the retirement of the $12 million of convertible debt.