Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan Khundii Gold Project Update

Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan
Khundii Gold Project Update

HALIFAX, Nova  Scotia,  Oct. 13,  2020  (GLOBE NEWSWIRE)  --  Erdene  Resource
Development Corp. (TSX:ERD;  MSE:ERDN) ("Erdene" or  the "Company")  announces
that the European Bank for  Reconstruction and Development (“EBRD” or  “Bank”)
has exercised its conversion option in respect of its US$5 million convertible
loan (“Convertible  Loan”)  with  the Company.  Following  conversion  of  the
Convertible  Loan,  the  EBRD  owns  and  controls  30,043,290  common  shares
representing approximately 11.2% of the  issued and outstanding common  shares
of the Company.

Erdene is  also  pleased to  provide  a  project update  for  its  100%-owned,
high-grade, open-pit Bayan Khundii Gold  Project (“Bayan Khundii” or “BK”)  in
southwest Mongolia.

Quotes from the Company and EBRD:

"The proceeds of the  EBRD Convertible Loan provided  the funding to  complete
the recently announced  Bayan Khundii  Gold Project  Feasibility Study,”  said
Peter Akerley, Erdene’s President and CEO. “The 
Read More

Read More

SunPower Announces Adjustments of Conversion Rates for Convertible Debentures

SAN JOSE, Calif., Oct. 8, 2020 /PRNewswire/ — SunPower (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced new conversion rates for its 0.875% Senior Convertible Debentures due 2021 (CUSIP No. 867652 AJ8) (the “2021 Debentures“) and its 4.000% Senior Convertible Debentures due 2023 (CUSIP No. 867652 AL3) (the “2023 Debentures” and, together with the 2021 Debentures, the “Debentures“). The rates were adjusted pursuant to the terms of the respective indentures governing the Debentures (the “Indentures“). 

Effective September 11, 2020, the new conversion rates are 25.1388 shares of SunPower’s common stock per $1,000 principal amount of 2021 Debentures (equivalent to a conversion price of $39.78 per share) and 40.1552 shares of SunPower’s common stock per $1,000 principal amount of 2023 Debentures (equivalent to a conversion price of $24.90 per share). 

The conversion rates were previously 20.5071 shares of

Read More

Read More

FG acquires, deploys 1,000 automobile petrol-to-gas conversion kits

Okechukwu Nnodim, Abuja

The Federal Government has acquired about 1,000 conversion kits that will change petrol powered trucks and small vehicles to start running on autogas.

It was also gathered that the kits were being deployed across the country, as the government intensified move to reduce the consumption of petrol and promote the use of gas in automobiles.

The Technical Assistant, Gas Business and Policy to the Minister of State for Petroleum Resources, Justice Derefaka, in a response to enquiries by our correspondent in Abuja, said government had explored solutions to address barriers to the deployment of its autogas scheme.

Derefaka doubles as the Programme Manager, Nigerian Gas Flare Commercialisation Programme, as well as Programme Manager, Autogas, National Gas Expansion Programme.

He said, “As a way to address the barrier, we have about 1,000 conversion kits for trucks and smaller vehicles to be deployed nationwide in the fourth quarter of

Read More

Read More

Meritor, Inc. Announces Conversion Option for 7.875 Percent Convertible Senior Notes Due 2026

TROY, Mich., Sept. 30, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it is notifying holders of its 7.875 percent Convertible Senior Notes, due 2026 (the “Notes”), that they are entitled to convert all or a portion of their Notes at any time beginning October 1, 2020 and prior to the close of business on December 31, 2020 at a rate of 83.3333 shares of common stock per $1,000 principal amount at maturity of the Notes (representing a conversion price of approximately $12.00 per share). The Notes are convertible because the closing price of shares of the company’s common stock for at least 20 trading days, during the 30 consecutive trading-day period ending on September 30, 2020, was greater than 120 percent of the conversion price in effect on September 30, 2020.

The Notes surrendered for conversion will be settled in cash, up to the principal

Read More

Read More

Quaterra Announces Conversion of Convertible Debentures and Repayment of Principal

Vancouver, British Columbia–(Newsfile Corp. – August 31, 2020) – Quaterra Resources Inc. (TSXV:QTA) (OTCQX:QTRRF) (the “Company“) today announced that it has repaid a principal amount of C$400,000, plus C$99,233 in interest in terms of a secured 10% convertible debenture of the Company issued on August 28, 2018. The Company has also issued 1,000,00 units pursuant to conversions of an aggregate principal amount of C$100,000 at C$0.10 per unit, with each unit consisting of a share and a warrant. Each warrant can be exercised to acquire a share at C$0.065 until August 28, 2022.

Convertible debentures were originally issued in August and September 2018 in a private placement for gross proceeds of US$550,000 and C$550,000. In August 2019, the Company announced it had issued 11,769,230 units pursuant to conversions of the convertible debentures having an aggregate principal amount of US$550,000 and C$50,000. Each unit consisted of a share and

Read More

Read More

Sproutly Amends Maturity Date and Conversion Price of Convertible Debentures

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sep 23, 2020–

Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“ Sproutly ” or the “ Company ”) announces that the Company has entered into a third supplemental indenture dated September 23, 2020 (the “ Third Supplemental Indenture ”) between the Company and TSX Trust Company, as trustee, which amends the terms of its convertible debenture indenture dated October 24, 2018 (the “ Original Indenture ”), as amended by the first supplemental indenture dated April 24, 2020 (the “ First Supplemental Indenture ”) and as further amended by the second supplemental indenture dated July 23, 2020 (the “Second Supplemental Indenture”, and together with the Original Indenture and the Third Supplemental Indenture, the “ Indenture ”) providing for the issue of 8.0% senior unsecured convertible debentures in the aggregate principal amount of up to $10,750,000 (the “ Debentures ”).

Pursuant to the Third Supplemental Indenture,

Read More

Read More

Omnicell, Inc. Prices $500 Million 0.25% Convertible Senior Notes Offering (up 37.5% Conversion Premium)

Omnicell, Inc. (NASDAQ: OMCL), a leading provider of medication management solutions and adherence tools for healthcare systems and pharmacies, announced today the pricing of $500 million aggregate principal amount of 0.25% Convertible Senior Notes due 2025 (the “notes”) in a private placement (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key elements of the transaction include:

  • $500 million 0.25% Convertible Senior Notes Offering (up 37.5% Conversion Premium)

  • Convertible note hedge transactions and warrant transactions entered into in connection with the 0.25% Convertible Senior Notes due 2025 with a strike price for the warrant transactions initially equal $141.56 per share, which represents a 100% premium to the closing sale price of Omnicell’s common stock on September 22, 2020

  • Repurchase of approximately $53.0 million of common stock

Omnicell has also granted the initial purchasers of the notes an option

Read More

Read More

SHOP APOTHEKE EUROPE N.V. ANNOUNCES TO START DISCUSSIONS OF A POSSIBLE EARLIER CONVERSION OF ITS EUR 135 MILLION 4.5% CONVERTIBLE BONDS DUE 2023.

Bloomberg

Zambia Hints at First Covid Default as Africa Debt Burden Rises

(Bloomberg) — Zambia became the first African country to ask bondholders for relief since the onset of the coronavirus as nations from Angola to Kenya battle to cope with the economic hit from the pandemic.The southern African nation said it needed “breathing space” to plan a debt restructuring, and asked holders of its three Eurobonds totaling $3 billion to defer interest payments until April while it plans a restructuring of its debt. Zambia’s $1 billion of notes due 2024 fell 4.5% in London to 52.46 cents on the dollar on Tuesday, after the government said a coupon payment due Oct. 14 would be included in the proposed suspension.Other countries have recently also rung alarm bells. Angola, which has negotiated debt relief with some of its lenders, told the International Monetary Fund it may have to approach a wider

Read More

Read More

Aspen Group, Inc. Announces Auto Conversion of $10 Million Convertible Notes Reducing Debt Balance to Zero

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Sep 14, 2020 (GLOBE NEWSWIRE via COMTEX) —
NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) — Aspen Group, Inc. (“AGI”) (Nasdaq: ASPU), an education technology holding company, today announced that the $10 million of secured convertible notes issued by the Company on January 22, 2020 have fully converted.

The convertible notes were automatically convertible into Aspen Group common stock once the closing price of the Company’s common stock equaled or exceeded $10.725 for 20 consecutive trading days. The auto conversion occurred at the close of trading on Monday, September 14, 2020. The Company had two $5 million secured convertible notes carrying a 7% interest rate convertible at $7.15 per share. The extinguishment of the notes eliminates $700,000 of annual interest expense. Aspen Group has issued 1,398,602 shares of common stock to the two noteholders.

“This

Read More

Read More

Conversion Van: What Does That Mean?

A conversion van is a product of third-party companies outfitting a new full-sized bare cargo van with various luxuries.

They are perfect for families, especially for road trips.

Ask current van owners about their van and they will tell you they “LOVE IT”. Many would say it’s the best kept secret in the car business. It holds a large family in comfort and they are just cool cars.

First, they’re the same length of a suburban with the same engine block and transmission with a ton more interior room. They have infinitely more features than an Escalade, Navigator or Denali and cost less… yet hold their resale better than any of the other three.

Seriously, a conversion van is the way to do cross-country trips. Pull-out full size convertible sofa, sink, gas hob, fridge, storage space, and good sound system are just some of the basic features.

One huge draw … Read More

Read More