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| Home : Terra Firma Capital Corporation Completes Private Placement of 7.0% Convertible Unsecured Subordinated Debentures |
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Sep 28
2011 |
Terra Firma Capital Corporation Completes Private Placement of 7.0% Convertible Unsecured Subordinated Debentures |
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TORONTO, ONTARIO--(Marketwire - Sept. 27, 2011) - Terra Firma Capital Corporation (TSX VENTURE:TII) ("Terra Firma" or the "Corporation") is pleased to announce that it has completed, on a non-brokered basis, a private placement of convertible unsecured subordinated debentures (the "Debentures") in the aggregate principal amount of $10,050,000 (the "Private Placement"). The Debentures bear interest at an annual rate of 7%, payable quarterly, and mature on September 27, 2014 (the "Maturity Date"). At any time up to the Maturity Date, the Debentures are convertible at the option of the holder into fully paid and non-assessable common shares of the Corporation (the "Common Shares") at a price of $0.70 per Common Share (the "Conversion Price"). The Private Placement is subject to final approval by the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1566034&sourceType=3 |
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