Global Uranium Corp Launches C$750,000 10% Convertible Debenture Offering
GTLL•Global Uranium Corp plans a non-brokered private placement of up to C$750,000 unsecured convertible debentures in C$1,000 denominations. The 10%-bearing debentures mature in 24 months and will convert on terms stipulated at issuance.
1. Non-Brokered Convertible Debenture Offering
Global Uranium Corp has announced its intent to complete a private placement of unsecured convertible debentures totalling up to C$750,000. The non-brokered structure allows the company to issue directly to investors without underwriting.
2. Terms and Conditions
Each debenture will be issued in C$1,000 denominations, bear interest at 10% per annum and mature 24 months from the date of issuance. Debentures will be convertible into common shares at a predetermined conversion price and subject to standard conversion provisions.
