BULLETIN V2024-0298
UNIVERSAL COPPER LTD. ("UNV")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 26, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange ("Exchange") has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 8, 2024:
Convertible Debenture $150,000 (the "Principal Amount") of secured convertible notes.
Maturity date: May 28, 2024, subject to acceleration in certain instances.
Interest rate: No interest will accrue on the Principal Amount prior to the Maturity Date; however, following an event of default or the Maturity Date, the Principal Amount will accrue interest at a rate of 15% per annum.
Conversion Price: Convertible into common shares of the Company ("Shares") at a conversion price of $0.05 per Share in year 1, then $0.10 per Share thereafter until January 25, 2029.
Number of Placees: 1 placee.
Insider / Pro Group Participation: None.
Finder's Fee: None.
The Company issued a news release on January 25, 2024, confirming the closing of the private placement.
_______________________________________
|
|
