Delic Completes Offering Of Debentures

Delic Holdings Corp (OTCQB: DELCF) (CSE:DELC) (FRA: 6X0) completed the sale of 1,240 units at a price of $1,000 per unit for aggregate gross proceeds of $1.24 million, on July 27, 2022. Each unit consists of one 4.0% senior secured, $1,064 ‎principal amount convertible debenture and 16,369 share purchase warrants.

The principal amount and accrued but unpaid interest on each debenture is ‎convertible at the option of the holder into common shares of the company at any ‎time following the closing date at a price of ‎$0.065 per common share‎. The debentures will mature 24 months from the closing date and will bear interest at a rate of 4% ‎per annum, payable quarterly on the last business day of each calendar quarter. At the maturity date, all principal amounts outstanding together with …

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