Loan & DebtJun 24, 2026, 01:02 PM
Greenbriar Proposes Amendments to CAD $1.0M Convertible Debenture
AI Summary
Greenbriar Sustainable Living Inc. proposes amendments to its CAD $1.0 million convertible debenture and associated warrants. The company plans to capitalize CAD $120,000 of accrued interest, increasing the debenture's principal to CAD $1,120,000. The maturity and conversion dates for both the debenture and warrants will be extended by two years to June 30, 2028, and the debenture's conversion price will be reduced from CAD $1.25 to CAD $1.00 per share. These changes are subject to TSX Venture Exchange acceptance.
Key Highlights
- Proposed capitalization of CAD $120,000 in accrued interest.
- Debenture principal to increase from CAD $1,000,000 to CAD $1,120,000.
- Maturity date extended by two years, from June 30, 2026, to June 30, 2028.
- Conversion price reduced from CAD $1.25 to CAD $1.00 per common share.
- Warrant expiry date extended by two years, from June 30, 2026, to June 30, 2028.
- If fully converted, 1,120,000 common shares would be issued.
- Original debenture bears 12% interest per annum.
Price Impact
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