We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Buchans Minerals Corporation | TSXV:BMC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
BacTech Environmental Corporation ("BacTech")(CNSX:BAC) announced today that REBgold Corporation ("REBgold")(TSX VENTURE:RBG) has extended the expiry date of $410,000 principal amount of REBgold's current outstanding 18% unsecured convertible debentures (the "Debentures") and 4,100,000 of the common share purchase warrants (the "Warrants") originally issued by REBgold in October 2010. As a result of the corporate reorganization by Plan of Arrangement which was completed effective December 2, 2010 involving REBgold and BacTech, the Debentures are convertible into units (the "Units") comprised of one common share of REBgold and one-fifth of a common share of BacTech, at a conversion price of $0.10 per Unit. The Warrants are exercisable for Units at a price of $0.12 per Unit. To the extent that Debentures are repaid, BacTech is responsible for 20% of the cash payment. A total of $430,000 principal amount of Debentures and 4,300,000 Warrants were originally issued by REBgold in October 2010. The original maturity date of the Debentures, and the original expiry date of the Warrants, was October 13, 2011. In October, 2011, the Debentures were extended for 6 months to April 13, 2011. Each holder of Debentures and Warrants was offered the choice to either (i) further extend the maturity date of the Debentures held by that holder to April 13, 2015, in which case the expiry date of the Warrants held by that holder would also be extended to April 13, 2015, or (ii) accept payment in full of the Debentures on the extended maturity date of April 13, 2012, in which case the Warrants held by that holder would also expire on the extended expiry date of April 13, 2012. All of the holders of the currently outstanding Debentures and Warrants elected to extend the expiry date to April 13, 2015. The conversion price of the Debentures and the exercise price of the Warrants remain unchanged. The extension of the terms of the Debentures and the Warrants has received approval from the TSX Venture Exchange. BacTech Environmental profile BacTech Environmental Corporation was created through a Plan of Arrangement completed on December 2, 2010, whereby shareholders of the former BacTech Mining Corporation ("BMC"), renamed REBgold Corporation, were issued, in exchange for their BMC shares, 1 share of REBgold Corporation and 1/5th of one share of BacTech Environmental. BacTech Environmental holds the exclusive rights to use the patented BACOX bioleaching technology for reclamation of tailings and mining waste materials. Shares outstanding 39,088,361
1 Year Buchans Minerals Corporation Chart |
1 Month Buchans Minerals Corporation Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions