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2019-0327 - Delist - CannaRoyalty Corp. - 8% Unsecured Convertible Debenture (12Jul2021) (OH.DB)

Le 25 mars/March 2019

On February 26, 2019 CannaRoyalty Corp. doing business as Origin House announced that it had elected to exercise its right under the indenture date July 12, 2018 (the "Indenture"), governing the Company's 8% unsecured convertible debentures due July 12, 2021 (the "Debentures") to convert the principal amount of the outstanding Debentures to common shares of the Company ("Common Shares").

As of the close of market on March 11, 2019, approximately C$26.3 million of the total C$33 million raised had already been voluntarily converted to equity, representing about 80% of the Debentures issued pursuant to the Indenture. In accordance with the terms of the Indenture, Origin House delivered notice to registered holders of Debentures (the "Debenture holders") that, effective February 25, 2019, the volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the "Exchange") was greater than $9.00 for 10 consecutive trading days. Accordingly, the Company confirmed that on March 28, 2019 (the "Mandatory Conversion Date"), the then outstanding Debentures will be deemed to be surrendered for conversion to Common Shares. The Debentures currently trade on the Exchange under the ticker symbol 'OH.DB'.

 

In accordance with CSE procedures,

  • All trades will be halted at 12:00pm EST and delisted at market close on the Mandatory Conversion Date.
  • All trades on March 27th and 28th will be for cash settlement on the 28th.

 

Delist Date/ Date de retrait:

Market Close/Clôture du marches:  le 28 mars/March 2019

Symbol(s)/Symbole(s):

OH.DB

Settlement Terms Conditions de règlement/:

Le 27 mars 2019 en espèces le jour même /March 27, 2019 Cash next day.

le 28 mars 2019 - Paiement le même jour / La transaction est arrêtée à midi./March 28, 2019 – Cash same day/Trading halted at noon.

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse:  Listings@thecse.com

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