CWB Repays Debentures
CWB repays $5.12M 8.5% convertible unsecured debentures due June 30th with 18,202,846 common shares
Repayment of 8.5% Convertible Unsecured Debentures due June 30, 2026 will be made via issuance of 18,202,846 Common Shares (subject to Debentures terms and TSX approval), based on $5,115,000 principal outstanding and $0.296 per Common Share (95% of VWAP per Debentures calculation). - Agreed exchange with controlling shareholder 2385796 Ontario Inc. of $3,950,000 outstanding 10% Cumulative Redeemable Retractable Series A and Series B Preferred Shares, plus accrued and unpaid dividends, for 16,171,876 Common Shares at $0.281 per Common Share, plus approximately $0.25 cash in lieu of fractional shares; completion expected on or about June 26, 2026 (subject to customary conditions and TSX approval).