Published in AIDS Weekly, May 16th, 2005
The debentures feature a 20% coupon rate for a 1-year term from the date of issue and are convertible into common shares of MedMira Inc. at $1.12 per share at any time during the term.
Last year the company issued $1.4 million of convertible debentures that matured in March 2005. At maturity, $1.2 million opted to convert the debentures to common shares at a price of $0.85 per share,...
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