Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) this morning announced its receipt of subscriptions for a convertible debenture financing in the amount of $1,325,000. Per the update, the debentures will have a maturity date of two years from the Offering’s closing date (“Maturity Date”), and will bear interest from the date of closing at 10 percent per annum, payable monthly. At the option of the holder, the debentures will be convertible into units of the company at any time prior to the close of business on the last business day immediately preceding the Maturity Date at a conversion price of $0.65 per unit (the “Conversion Price”). Each unit will comprise of one common share and one half of one share purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of $1.00 for a period of two years from the date of issue of the Convertible Debentures. Should the daily volume weighted average trading price of the common shares be greater than $1.10 for any 10 consecutive trading days, the company may force the conversion of the principal amount of the then outstanding Convertible Debentures at the Conversion Price on not less than 30 days’ notice.
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About Wildflower Brands
Wildflower Brands is a company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.
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