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| Home : PetroMaroc to Conduct Cdn $390,000 Debenture Financing |
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Jun 01
2016 |
PetroMaroc to Conduct Cdn $390,000 Debenture Financing |
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TORONTO, ONTARIO--(Marketwired - June 1, 2016) - PetroMaroc Corporation plc (TSX VENTURE:PMA) (the "Company" or "PetroMaroc") is pleased to announce it intends to complete a secured, non-convertible debenture financing (the "Financing") of Cdn $390,000 (the "2016 Debentures"), the proceeds of which will be used for general working capital purposes. The 2016 Debentures will mature on September 30, 2016 (the "Maturity Date") and will bear interest at a rate of 15% per annum, calculated and payable in arrears, in cash, on the Maturity Date. The Financing is subject to approval by the TSX Venture Exchange (the "TSXV") and by the holders of the 2014 Debentures and the 2015 Debenture as described below. |
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| Source:http://www.marketwired.com/mw/release.do?id=2130015&sourceType=3 |
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