Urion Acquires 8.1% of Atico and $16.4 Million Convertible Debenture
Urion, on behalf of Trafigura, acquired 16.15 million Atico shares and a $16.4 million secured convertible debenture at a $0.22 conversion price. Up to 27.32 million shares may be issued absent further approvals.
Acting for Trafigura, Urion purchased 16.15M Atico shares, representing 8.1%, along with a secured convertible debenture worth $16.4M. The debenture converts at $0.22 per share and could result in the issuance of up to 27.32M shares without additional approvals.