COSCIENS Issues About $12M in 15% Convertible Debentures
COSCIENS issued about $12 million of unsecured convertible debentures toward a maximum offering of $20 million. The company plans to market the offering through mid-November; conversion is subject to shareholder approval expected in December.
COSCIENS has issued about $12M of 15% unsecured convertible debentures toward a maximum of $20M and plans to market through mid-November. If fully raised and converted with shareholder approval expected in December, it estimates ~$27M pro forma market cap and >$7M cash post-March payment.Material D…