Jericho Energy Ventures seeks TSXV approval to amend convertible debentures and warrants, adjusting conversion and exercise prices.

Jericho Energy Ventures plans to amend its outstanding convertible debentures and share purchase warrants, issued in January 2022, seeking TSXV approval. The company aims to change the conversion price of debentures to CAD$0.20, extend their maturity to January 7, 2026, and adjust the exercise price of 6,839,920 of the 8,147,954 warrants to CAD$0.25 due to TSXV limitations. Jericho also arranged a shares-for-debt transaction to settle an aggregate of CAD$89,891.74 in interest accrued on five debentures, issuing 473,114 common shares at a deemed price of CAD$0.19. All changes are subject to TSXV approval.

April 05, 2024
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