Elysee Development (TSE:ELC) has released an update.
Elysee Development Corp. has successfully completed a non-brokered private placement, raising $2 million through the sale of convertible debentures with an 8% annual interest rate and a maturity date of June 14, 2028. These debentures can be converted into common shares at $0.38 each and are redeemable by the company starting June 14, 2027. Proceeds from this financing will bolster the company’s working capital.
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