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| Home : Cadillac Announces Conditional TSXV Approval for $150,000 Debenture Financing |
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Dec 24
2015 |
Cadillac Announces Conditional TSXV Approval for $150,000 Debenture Financing |
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TORONTO, ONTARIO--(Marketwired - Dec. 23, 2015) - Cadillac Ventures Inc. (TSX VENTURE:CDC) (OTC PINK:CADIF) ("Cadillac" or the "Company") announced today that it has received conditional TSXV approval to issue additional Convertible Debentures pursuant to the Memorandum of Understanding ("MOU") entered into with CapitalAsia Asset Management Ltd. ("CapitalAsia") as announced in the January 15, 2015 press release. The Convertible Debentures will, for a total of CAD$150,000, be issued in denominations of CAD 1,000 principal amount with a conversion price of CAD 0.10. For each CAD 0.10 of principal amount of the Convertible Debentures the subscriber will receive one common share purchase warrant, exercisable for one common share of Cadillac at CAD 0.15 for 36 months from date of issue. The Convertible Debentures will have a term of 36 months from date of issue and will incur interest at 7% per annum payable semi-annually in cash. |
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| Source:http://www.marketwired.com/mw/release.do?id=2084385&sourceType=3 |
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