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Notice of completion of conversion of debentures of Canadian Royalty Funding Corp
Hamilton, Bermuda – 13 May 2020 – In a filing with the Bermuda Stock Exchange (“BSX”), Canadian Royalty Funding Corp (the “Company” or “CRFC”; Ticker: CFRSR.BH) announced the completion of conversion of debentures of Canadian Royalty Funding Corp. The full filing stated:
Canadian Royalty Funding Corp. completed the conversion of convertible unsecured senior redeemable debentures of CRFC (“Debentures”) with a par value of CAD$587,000 on Friday November 22, 2019 into 5,870,000 common shares if the Company with an issue price of CAD $0.10. Such conversion is permitted under Article 6 of the debenture indenture entered into by CRFC and AST Trust Company Canada (“AST”) as trustee, as of April 21,2015.
Registered holders have received share certificates and the debentures have been cancelled.
Prior to this transaction, CRFC had issued outstanding Debentures with a par value of CAD$3,700,000. After this conversion was completed, the total amount of issued and outstanding Debentures was CAD$3,113,000.
Further information about the Company and this release please contact:
Canadian Royalty Funding Corporation
150 King Street West, Suite 1702
Toronto, ON M5H 1J9