Val-D’or Mining Corporation (TSE:VZZ) has released an update.
Val-d’Or Mining Corporation has initiated a debenture financing proposal, aiming to raise up to $500,000 by offering debenture units at $10,000 each, which include convertible debentures and share purchase warrants. These debentures will carry a 6% annual interest rate, with the principal and interest convertible into common shares at a set price, and feature redemption rights and change-of-control protections for holders. The funds raised will support the company’s project advancements and general corporate endeavors.
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