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| Home : PetroMaroc Closes Cdn $1,000,000 Debenture Financing |
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Nov 11
2015 |
PetroMaroc Closes Cdn $1,000,000 Debenture Financing |
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TORONTO, ONTARIO--(Marketwired - Nov. 10, 2015) - PetroMaroc Corporation plc (TSX VENTURE:PMA) (the "Company" or "PetroMaroc") is pleased to announce that following receipt of the TSX Venture Exchange approval, it has completed a secured, non-convertible debenture financing (the "Financing") of Cdn $1.0 million (the "Debenture") with an arms' length investor. The Debenture matures on April 10, 2016 (the "Maturity Date") and bears interest at a rate of 15% per annum, calculated and payable in arrears, in cash, on the Maturity Date (please see the Company's press release dated October 30, 2015, which is available under PetroMaroc's profile on SEDAR at www.sedar.com, for details of the Financing). No warrants have been issued, and no commission and/or finders' fee have been paid in connection with the Financing. The Debenture is subject to a four-month hold period under Canadian securities laws from the date of issuance. |
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| Source:http://www.marketwired.com/mw/release.do?id=2072452&sourceType=3 |
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