Planting Hope Company proposes debt reorganization for C$7.1M convertible debentures, exchanging them for units at C$0.10.
Planting Hope Company (TSXV: MYLK) proposes debt reorganization for its C$7.1M convertible debentures, exchanging them for units at C$0.10. Elected debenture holders must also participate in a private placement, settle non-convertible debt, or a mix for at least 50% of accrued interest/principal. The company also offers non-convertible debt holders (C$1.9M) the chance to settle through unit issue at the same price.
April 27, 2024
3 Articles