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VANCOUVER, BC , Oct.1, 2020 /CNW/ – good natured Products Inc. (the “Company” or ” good natured ® “) (TSX-V: GDNP), a North American leader in plant-based product and packaging, today announced that the Company has redeemed all remaining convertible debentures due February 28, 2022 (the “Debentures”). Payment of $1,218,000 (inclusive of interest and principal) was issued at a redemption price of $1,050 per $1,000 principal amount of the Debentures, which included unpaid interest accrued since August 2020 .
The Company also announced the final closing (the “Final Tranche”) of its brokered private placement (the “Offering”) announced on July 8, 2020 , and a non-brokered for gross proceeds of $218,510.60 . Total aggregate proceeds from the first tranche (the “First Tranche”) and the final tranche (the “Final Tranche”) equaled $3,339,201.00 .
In the Final Tranche,