BULLETIN V2025-0778
FORBIDDEN SPIRITS DISTILLING CORP. ("VDKA.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s, Remain Suspended.
BULLETIN DATE: March 14, 2025
NEX Company
Financing Type: Non-Brokered Private Placement
Offering: $305,000 principal amount of convertible debenture, only convertible into common shares at $0.10 of principal for a one-year period after the Company has received a full revocation order from the British Columbia Securities Commission and completed a 10:1 consolidation.
Conversion Price: $0.10 per Listed Share, post 10:1 consolidation.
Maturity date: November 26, 2025.
Interest rate: 9.95% per annum
Non-Cash Commissions: Shares Warrants
Finders (Aggregate) N/A 15,200
Commission Terms: Each non-transferable warrant is exercisable at $0.10 for a one-year period only after the Company has received a full revocation order from the British Columbia Securities Commission and completed a 10:1 consolidation.
Public Disclosure: Refer to the company's news releases dated July 8, 2024, September 11, 2024, October 15, 2024, November 26, 2024, December 6, 2024, January 6, 2025 and January 24, 2025.
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